GIFT Nifty up 10 points; here's the trading setup for today's session
"This week, the US will be releasing GDP and core PCE data which will provide direction to the market while stock specific actions will be seen as we progress into the earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Equity markets maintained strength throughout Monday's session to close at days’ high and the broader also rallied. In today's trade, markets will react to Reliance results which beat the estimates."This week, the US will be releasing GDP and core PCE data which will provide direction to the market while stock specific actions will be seen as we progress into the earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Here's breaking down the actions:
STATE OF THE MARKETS
(Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded higher by 15.50 points, or 0.07 per cent, at 22,400, signaling that Dalal Street was headed for muted start on Tuesday.
- Tech View: "The sentiment is expected to remain favorable for bulls as long as it stays above 22,150. On the upside, the index could potentially move towards 22,600-22,700. Conversely, a drop below 22,150 could lead to consolidation in the index," said Rupak De of LKP Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 2.6% to settle at 12.70 levels.
up
Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the U.S. economy's health.
- Dow up 0.67%,
- S&P gains 0.87%,
- Nasdaq rises 1.11%
gain
Asian stocks rose after US shares rebounded from a $2 trillion selloff on optimism big tech leaders will announce hefty profits this week.
- S&P 500 futures were little changed as of 9:08 a.m. Tokyo time
- Hang Seng futures rose 1%
- Japan’s Topix rose 0.8%
- Australia’s S&P/ASX 200 rose 0.3%
- Euro Stoxx 50 futures rose 0.5%
Oil rises
Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East.
Dollar firm
A firm U.S. dollar had the yen locked near a fresh 34-year low on Tuesday, keeping investors on heightened intervention watch as they looked ahead to key U.S. inflation report and the Bank of Japan's rate decision this week.
Stocks in F&O ban today
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2)
3) Vodafone Idea
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5) ZEE
6) 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 sellers at Rs 2915 crore on Monday. DIIs, meanwhile, sold shares worth Rs 3,543 crore.
Rupee
The rupee rises by 8 paise to close at 83.36 against the US dollar on Monday on positive domestic markets and a soft American currency.
FII data
The net short of FIIs slightly increased from Rs 1.07 lakh crore on Friday to Rs 1.08 lakh crore on Friday.
Q4 results
Tata Consumer, , , , among others will announce their fourth quarter earnings on Tuesday.
Source: Stocks-Markets-Economic Times
