Stocks

Nifty today: SGX Nifty up 90 points; here’s what changed for market while you were sleeping

Indian equities could rebound amid supportive global cues, but expiry of the September derivatives series is set to bring in some volatility. Options data indicate that Nifty 50 is likely to be in the 17500-18000 zone and may end the series within this range.

Here’s breaking down the pre-market actions:

STATE OF THE MARKETS

SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 94.5 points, or 0.53 per cent, higher at 17,933, signaling that Dalal Street was headed for a positive start on Thursday.

  • Tech View: The short-term trend for Nifty 50 remains positive and it could move towards the 17750-17850 zone. On the downside, major support is seen at 17500 points.
  • India VIX: The fear gauge ended 3% lower on Tuesday at 16.88 points amid subdued trade in the market.

Asian shares mixed
Global equity investors parsed mixed messages Thursday as Chinese shares looked set for further recovery while weak tech earnings clouded the outlook for US stocks. Treasury yields fell.

  • Futures on the S&P 500 rose 0.4% as of 8:26 a.m. Tokyo time. The S&P 500 fell 0.7%
  • Futures on the Nasdaq 100 rose 0.3%. The Nasdaq 100 fell 2.3%
  • The S&P ASX Index rose 0.3%
  • Hang Seng futures rose 2.1%
  • Nikkei 225 futures were little changed

S&P 500 ends lower on mounting slowdown fears

The S&P 500 ended a three-day winning streak on Wednesday, closing in negative territory as gloomy earnings guidance added to growing fears of a global economic slowdown.

  • Dow up 0.01%
  • S&P off 0.74%
  • Nasdaq down 2.04%

Oil prices climb
Oil prices continued to rise in early Asian trade on Thursday after surging more than 3% in the previous session, driven by record U.S. crude exports and a weaker U.S. dollar. Brent crude futures rose 25 cents, or 0.3%, to $95.94 a barrel by 0015 GMT. U.S. West Texas Intermediate (WTI) crude rose 19 cents, or 0.2%, to $88.10.

FII/DII action
Foreign portfolio investors (FPIs) net sold domestic shares worth Rs 247 crore on Tuesday, provisional data showed. DIIs on the other hand, net bought stocks to the tune of Rs 873 crore.

Stocks in F&O ban today
Bharat Heavy Electricals and

. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

Rupee: The rupee ended tad lower against the dollar on Tuesday. The Indian unit ended at 82.7250 a dollar, against 82.6750 in the previous session.

MACRO NEWS
According to the World Steel Association, India’s crude steel output rose 1.8% on year to 9.9 million tonne in September, whereas global steel output was 3.7% higher at 151.7 million tonne.

Earnings Thursday
38 companies are scheduled to report earnings for the quarter ended September. Aditya Birla Sun Life,

, , and are among the major ones.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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