Nifty today: SGX Nifty down 15 points; here’s what changed for market while you were sleeping

The bias for Indian equities remains positive after gaining for three consecutive sessions. Stock-specific actions continue as several companies have to report earnings. Options data shows that Nifty 50 is set above 17500 points as this strike price call option holds the highest open interest.

Here’s a breakdown of the pre-market promotions:


SGX Nifty signals a muted start
Snazzy futures on the Singapore Stock Exchange traded 14.5 points, or 0.08 percent, lower at 17,480.50, suggesting Dalal Street was heading for a muted start on Wednesday.

  • Tech View: Nifty 50 has formed a positive candle on the daily charts and is attempting a breakout to the upside. If it surpasses 17,500 points and sustains above that level, the index may test 17,700 points.
  • India VIX: The volatility index cooled on Tuesday as the market’s risk appetite increased. The fear meter closed 5.2% lower at 17.4525 points.

Asian stocks mixed after US stocks extended rally
Asian stocks had a mixed open on Wednesday as traders assessed a solid start to the corporate earnings season that helped extend a rally in US markets.

  • Japan Topix Index up 0.1%
  • South Korea’s Kospi index fell 0.1%
  • Australia’s S&P ASX 200 index rose 0.2%
  • Hong Kong’s Hang Seng futures fell 1.1%

US stocks
US stocks closed higher on Tuesday for a second straight day as solid quarterly results from Goldman Sachs and Lockheed Martin eased concerns about a weak earnings season.

  • Dow up 1.12%
  • S&P 500 up 1.14%
  • Nasdaq gains 0.90%

Oil prices are rising due to supply shortages

Oil prices rose in early Asian trade on Wednesday, paring losses from the previous session as concerns over tight supplies following reports of lower inventories in the United States offset fears of weaker demand from top oil importer China.

Brent crude futures were up 73 cents, or 0.8%, to $90.76 a barrel by 0100 GMT. US West Texas Intermediate crude was at $83.95 a barrel, up $1.13 or 1.4%. WTI’s front month contract expires on Thursday.

FII/DII action
Foreign portfolio investors (FPIs) net sold domestic shares worth Rs. 153.4 crores, preliminary data available with NSE proposed. DIIs net purchased shares of Rs. 2,085 crores.

Stocks in F&O ban today
5 shares are prohibited. bharat heavy electrics,

, , and are subject to F&O lockout for Wednesday 19th October. Stocks on hold in the F&O segment include companies where stocks have exceeded 95 percent of the market-wide position limit.

Rupee: The rupee pared gains on Tuesday, closing at a record closing low of 82.3600 against the dollar. After falling in the previous session, the dollar index rose in Tuesday’s US trading session.

Result Wednesday

61 companies are scheduled to report earnings for the quarter that ended in September.

and are among the most important. Nifty today: SGX Nifty down 15 points; here’s what changed for market while you were sleeping

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