Nifty today: SGX Nifty up 165 points; here’s what changed for market while you were sleeping
A slew of companies are slated to release earnings, including index majors Larsen & Toubro and
, that will keep the action stock-centric.
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 165.5 points, or 0.93 per cent, higher at 18,000, signaling that Dalal Street was headed for a positive start on Monday.
- Tech View: The overall trend remains positive as Nifty 50 has been trading above 21 DMA. Major resistance for the index is seen at 17850-17950 points
- India VIX: The fear gauge ended lower for the third straight session on Friday, falling 4% to 15.9225 points.
Asian stocks rise
Asian stocks rose while US equity futures edged lower at the start of a pivotal week for investors that will see interest rate decisions from central banks including the Federal Reserve.
- S&P 500 futures fell 0.2% as of 9:26 a.m. Tokyo time.
- Nasdaq 100 futures fell 0.4%. The Nasdaq 100 rose 3.2%
- Japan’s Topix index rose 1.1%
- South Korea’s Kospi index rose 0.4%
- Australia’s S&P/ASX 200 Index rose 1.1%
- Hong Kong’s Hang Seng Index futures rose 0.9%
US stocks gain
A robust, broad-based rally sent Wall Street to a sharply higher close on Friday as encouraging economic data and a sunnier earnings outlook fueled investor risk appetite ahead of next week’s much-anticipated two-day policy meeting of the Federal Reserve.
- Dow up 2.59%
- S&P rises 2.46%
- Nasdaq gains 2.87%
Dollar strengthens
The dollar firmed on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the U.S. Federal Reserve could flag a slowdown in its aggressive interest rate hikes.
- Sterling was down 0.19% at $1.1593
- The euro was down 0.09% at $0.99595
- The kiwi was 0.14% lower at $0.58075
- U.S. dollar index fell 0.02% to 110.79
FII/DII action
Foreign portfolio investors (FPIs) were net buyers of domestic shares on Friday, having bought stocks worth Rs 1,569 crore, provisional data showed. DIIs on the other hand, net sold stocks to the tune of Rs 613 crore.
Stocks in F&O ban today
None. 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: Persistent purchase of dollars saw the rupee give up most of the gains on Friday. The Indian unit ended at 82.4700 a dollar, against 82.4900 in the previous session.
Earnings Monday
67 companies are scheduled to report earnings for the quarter ended September.
, Larsen & Toubro, and Tata Steel are among the major ones.
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