The SGX Nifty marks a bullish start
The Nifty Futures traded 116 points higher at 17,111 on the Singapore Exchange. Indicates that the stock market today went into a booming start.
Technical view: The NSE Nifty formed a rough candle in the daily rankings yesterday and closed below the psychological level of 17,000. The technical system says the index could move closer to 16,600.
India VIX: Yesterday’s measure was up 16 percent to 21.26.
Asian stocks are mostly up
Investors on Wall Street made gains as they watched Chinese stocks. Major Asian stocks rose on Tuesday. Asia-Pacific stock MSCI index rose 0.22 percent.
- Japan’s Nikkei was up 0.37%.
- Australia’s ASX 200 fell 2.02%
- South Korea’s Gosby rose 0.53%
- China’s Shanghai fell 0.18%
- Hong Kong’s Hong Cheng added 0.94%
US stocks ended higher
Tech stocks helped recover in the last hour of trading on Monday. The S&P 500 is coming off a three-week loss due to high inflation and rising interest rates.
- The Dow Jones industrial average rose 0.70% to 34,049.46
- The S&P 500 was up 0.57% at 4,296.12
- The Nasdaq was up 1.29% at 13,004.85
The dollar is high
The economic impact of China’s COVID-19 locksmiths and US rate hikes saw the dollar rise two years against the euro and the pound 18 months higher.
- The dollar rose to 101.58
- Purchased for Euro $ 1.0723
- The pound was at $ 1.2744
- The yen rose slightly to 127.62 against the dollar
- Yuan was at 6.5770 against Greenback.
Oil prices
Brent crude futures rose 25 cents to $ 102.57 and US West Texas Intermediate contracts rose $ 98.70.
Sale of FIIs
According to Nifty data, net and foreign portfolio investors (FPIs) are trading at Rs. 3,302.85 crore. DIIs have become net buyers for Rs 1,870.45 crore.
The LIC IPO may open on May 4th
The initial public offering of LIC, the country’s largest insurance company, is expected to begin on May 4 and close on May 9.
Elon Musk buys Twitter
Elon Musk, the world’s richest man, has signed a $ 44 billion deal to buy control of the social media site, which is home to millions of users and world leaders.
Today’s quarterly earnings
Bajaj Finance, HDFC Life Insurance, Macrotech Developers, AU Small Finance Bank, United Breweries, Schaefler India, Tata Teleservices, Atul, Nippon Life India Asset Management, Sanofi India, .
Campus Activeware IPO
The initial public offering of Campus Activewear worth Rs 1,400 crore starts today for subscription. The company plans to sell 47,950,000 equity shares through Offer for Sale (OFS) in the price range of Rs 278-292.
Money markets
Rupee: The rupee depreciated by 22 paise to 76.64 against the US dollar on Monday.
10 year bonds
India’s 10-year bonds were down 1.73 per cent at 7.04 after trading in the range of 7.03 – 7.21 yesterday.
Call rates
According to RBI data, last night’s call average averaged 3.53 percent. It moved in the range of 2.20-3.90 percent.