Indian Market Outlook:
Yesterday, Indian Benchmark Index Nifty saw a positive opening and a follow up buying to breach 8800 levels and closing with a gain of more than 1.5 percent. Nifty spot’s previous high of 8720 was also breached to make a new high of 8740. Automobile companies Eicher motors and Maruti were top gainers yesterday. Banking and IT stocks moved up in tandem which is the sign of trending market. Strong buying was seen in cash markets yesterday by both DII and FII, it looks like the upside momentum can continue for today as well. Nifty Futures made the same high of 8805 on August 8th for the September contract. If it breaches 8820 levels, Nifty might test 9100 levels.
Top 5 gainers for yesterday were Ambuja Cement, Bosch Ltd, Grasim, ACC and Eicher motors.
Nifty Futures is expected to open at 8805 as per SGX Nifty at 8:30 am IST, which is 10 points above its previous close of 8795.
Open Interest Index Futures
On 30th August of 2016, FII & Pro have bought 1966350 shares combined, above average of 705075.
The total for the September expiry from the 26th August is 2121675 shares in Index Futures.
Open Interest Index Options
On 30th August of 2016, FII & Pro have bought 7743900 shares combined, above average of 2920650.
The total for the September expiry from the 26th August is 10541400 shares in Index Options.
FII & DII Cash Buy/Sell Activity
Last trading day, FII’s have bought Rs. 391 Cr shares and DII have bought shares worth Rs. 485 Cr. Combined, net buying worth Rs. 876 cr
was seen. For the September expiry FII and DII are net buyers worth 1255 Cr. The combined FII and Pro have seen increase in long position in Index future and increase in index options. In the cash segment FII and DII combined are net buyers of Rs. 1255 Cr for the September expiry.
International Market Outlook: International markets are still trading in a range with S&P Futures correcting from 2180 levels. The range for S&P Futures is from 2191 to 2160.
German Dax had a positive day with prices up by over 100 points to close at 10645 levels. Japan Nikkei is positive in today’s trading.
Stocks to watch out for 31st August, 2016
|Sectoral Index Performance for last trading day and last 1 week|
|Symbol||1D (%)||1W (%)|
|NIFTY IT INDEX||1.8||-1.98|
|NIFTY AUTO INDEX||1.74||3.54|
|NIFTY FMCG INDEX||1.6||1.59|
|NIFTY PHARMA INDEX||1.5||0.14|
|NIFTY FINANCE INDEX||1.47||1.17|
|NIFTY ENERGY INDEX||1.17||2.73|
|NIFTY METAL INDEX||1.05||0.44|
|NIFTY REALTY INDEX||0.85||-1|
|NIFTY MEDIA INDEX||0.43||1.39|
|Index performance in last 1 day and 1 week. Figures show percentage change from previous close.|
1. The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised
to use the data for the purpose of information and rely on their own judgment while making investment decision
2. Past performance is not an indicator of future returns.