Here’s breaking down the pre-market actions:
STATE OF THE MARKETS
Gift Nifty (Earlier SGX Nifty) signals a positive start.Nifty futures on the Gift Nifty traded 115 pts higher at 24,705.
Tech View
Nifty has now moved towards hurdle area of previous huge opening downside gap of 5th Aug and the said down gap is expected to be filled soon around 24700 levels. The next upside to be watched are around 24700 and 25000 in the near term. Immediate support is at 24350 levels, said Nagaraj Shetti of HDFC Securities.India VIX
India VIX, which is a measure of the fear in the markets, fell 6.7% to settle at 14.40 levels.
Global Markets
- S&P 500 futures rose 0.2% as of 9:34 a.m. Tokyo time
- Hang Seng futures rose 0.9%
- Nikkei 225 futures (OSE) were little changed
- Japan’s Topix was little changed
- Australia’s S&P/ASX 200 was little changed
- Euro Stoxx 50 futures rose 0.2%
Forex News
- The euro was little changed at $1.1026
- The Japanese yen fell 0.2% to 147.93 per dollar
- The offshore yuan was little changed at 7.1634 per dollar
- The Australian dollar rose 0.2% to $0.6684
Oil falls
Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks.
Brent crude futures dropped 13 cents, or 0.2%, to $79.55 per barrel by 0032 GMT. U.S. West Texas Intermediate crude futures slid 13 cents, or 0.2%, to $76.52 a barrel.
Stocks in F&O ban today
1) India Cements
2) Chambal Fertilisers
3) GNFC
4) Indiamart
5) RBL Bank
6) Sun TV
7) Aarti Industries
8) ABFRL
9) Manappuram
10) LIC Housing Finance
11) PNB
12) Granules
13) SAIL
14) Bandhan Bank
15) Biocon
16) NMDC
17) PEL
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
FII/DII action
Foreign portfolio investors turned net buyers at Rs 766 crore on Friday. DIIs bought shares worth Rs 2606 crore.
Rupee
The rupee moved in a tight range and settled just 1 paisa lower at 83.95 against the American currency on Friday, as the support from a rally in domestic equities and weak greenback was negated by geopolitical tensions in the Middle East.
FII data
The net short of FIIs turned from Rs 30,547 crore on Wednesday to net long of Rs 4259 crore on Friday.
(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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