SGX Nifty down 30 points; here are the market changes that occurred while you slept

  • Oct. 25, 2022, 12:46 p.m.

Indian equities may extend gains made during the muhurat trading session, but likely selling in a few index heavyweights could limit the upside. 
Here's a break down of the pre-market actions: 

The markets' stategx The Nifty signals a negative start. 
Nifty futures on the Singapore Exchange traded 33.5 points, or 0.19 per cent, lower at 17,853, signalling that Dalal Street was headed for a negative start on Tuesday.

  • The upmove in Nifty 50 on Monday on the eve of Diwali has turned the trend positive and the index is poised to cross 17800 levels, according to technical charts.
  • The fear gauge ended 0.8% higher on Monday at 17.4225 points.

Asian shares slip. 
Asian equities fell to new 2-1/2-year lows on Tuesday as early gains inspired by a rally on Wall Street on hopes the Federal Reserve could be nearing the end of aggressive rate increases were offset by weakness in Chinese shares and the yuan. 

US stocks advance. 
U.S. stocks advanced on Monday, extending last week's gains as signs of economic softness suggested the effects of the Fed's aggressive policy aimed at cooling the economy, thereby curbing decades-high inflation, are beginning to take root.


  • The Dow has gained 1.34%.
  • The S& P 500 gained 1.19%.
  • The Nasdaq rose 0.86%.

Oil prices edge higher as the U.S. dollar eases. 
Oil prices edged higher on Tuesday, reversing some of the previous session's losses, as the U.S. dollar eased and weaker U.S. business activity data lowered expectations for more aggressive interest rate hikes in the world's biggest economy. 
International benchmark Brent crude futures gained 12 cents to $93.38 per barrel by 0038 GMT, while U.S. West Texas Intermediate crude futures rose 22 cents to $84.80 per barrel. 

The dollar eases amid bets on a less hawkish Fed. 
The safe-haven U.S. dollar eased against peers on Tuesday amid signs Federal Reserve rate hikes are already putting the brakes on the world's biggest economy, while risk sentiment improved with Rishi Sunak about to become Britain's prime minister.

  • The dollar index eased to 111.78.
  • The yen held firm on the stronger side of 149 per dollar.
  • Sterling added 0.24% to $1.13105.
  • The euro was 0.16% stronger at $0.98875.

FII/DII action 
According to preliminary data, foreign portfolio investors (FPIs) net sold domestic shares worth Rs 154 crore on Monday. DIIs, on the other hand, net bought stocks to the tune of Rs 80 crore. 

The ban on stocks in F & O.Nil expires today.Securities in the ban period under the F&O segment include companies in which the security has crossed 95 per cent of the market-wide position limit. 
The rupee settled higher against the dollar on Friday amid renewed strength in the dollar. The Indian unit ended at 82.6750 a dollar, up from 82.7600 at the previous close. 

Earnings Tuesday 
Four companies are scheduled to report earnings for the quarter ended September.

Chennai Petroleum NSE 0.86 % Corp is among the major ones.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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