STATE OF THE MARKETS
SGX Nifty reports positive start
Nifty futures on the Singapore Stock Exchange traded 46 points, or 0.26%, at 17,831, signaling Dalal Street was heading for a positive start on Tuesday.
- Technical view: Nifty50 climbed Friday for the fifth day in a row. The index formed a small bullish candle on the daily chart and a long bullish candle on the weekly chart, the fourth in a row. Analysts said bulls should be cautious at this stage and believed profit booking at higher levels could not be ruled out.
- India VIX: The Fear Gauge plunged more than 4% to the 17.61 level on Friday when it closed at 18.36 on Thursday.
Asian stocks are trading higher
Asian stocks opened higher on Tuesday as another round of weak US data left some hope that the Federal Reserve will temper its pace of interest rate hikes. The MSCI Asia-Pacific ex-Japan equity index rose 0.21%.
- The Japanese Nikkei gained 0.02%
- Australia’s ASX 200 added 0.65%
- The New Zealand DJ advanced 0.32%
- South Korea’s Kospi jumped 0.55%
- Shanghai in China jumped 0.23%
- Hong Kong’s Hang Seng rose 0.44%
US stocks extended their gains
US stocks ended higher on Monday, adding to recent strong gains, with megacap growth stocks rising as US Treasury yields eased. Shares of Apple Inc and Microsoft Corp were among the biggest risers in the S&P 500 and Nasdaq.
- Dow Jones added 0.45% to 33,912.44
- The S&P 500 jumped 0.40% to 4,297.14
- The Nasdaq jumped 0.62% to 13,128.05
The dollar retains its strength
The safe haven US dollar hovered near a one-week high on Tuesday, while the Aussie, euro and Chinese yuan remained under pressure as weak global economic data revived recession fears .
- The dollar index pinned at 106.51
- The euro was little changed at $1.0158
- The pound fell to $1.2040
- The yen was in trouble at 133.19 to the dollar
- The yuan traded at 6.7738 against the greenback
Oil prices have fallen
Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world’s largest crude importer, sparked fresh concerns about a possible global recession that could affect oil demand. energy.
Brent crude futures fell 90 cents, or 1%, to $94.20 a barrel at 00:03 GMT. WTI crude futures fell 81 cents, or 0.9%, to $88.60 a barrel.
FII buys shares worth Rs 3040 cr
Net-net, Foreign Portfolio Investors (REITs) turned to buyers of domestic equities to the tune of Rs 3,040.46 crore, according to data available with NSE. However, DIIs became net sellers to the tune of Rs 839.45 crore, according to the data. Foreign investors invested Rs 22,452 crore in the first two weeks of August.
F&O stocks are banned today
Three stocks – Delta Corp, Tata Chemicals and Balrampur Chini Mills – are under the F&O ban for Tuesday August 16. Blackout stocks in the F&O segment include companies where the stock has exceeded 95% of the marketwide position. limit.
Rupee: The rupee fell 12 paise to close at 79.74 against the US dollar on Friday, following a strong US currency in the overseas market and higher crude oil prices.
10-year bonds: Indian 10-year bonds jumped 0.30% to 7.29 after trading in the 7.28-7.33 range on Friday.
Call rates: The weighted average overnight money rate stood at 5.06% on Friday, according to RBI data. It evolved in a range of 3.25 to 5.25%.