The SGX Nifty was on a positive start. The Nifty Futures traded 109 points higher at 17,255.50 on the Singapore Exchange. It is expected that the stock market will go into a positive start today.
Technical view: Yesterday the Nifty index lost five consecutive days and was at the day high with a 200-day moving average. Then, it closed slightly above its 50-day moving average.
India VIX: The stock traded 6 percent lower at 18.67 on Wednesday, down from 19.78 last Tuesday.
Asian stocks opened higher
Despite the ups and downs on Wall Street, Asian stocks opened higher today. Shares of Asia-Pacific MSCI index rose only 0.06 percent.
- Japan’s Nikkei was up 1.13%
- Australia’s ASX 200 increased 0.22%
- South Korea’s Gospy rose 0.64%.
- China’s Shanghai rose 0.08%
- Hong Kong’s Hong Cheng fell 0.58%
U.S. stocks are ups and downs.
- The Dow Jones Industrial Average rose 0.71% to 35,160.79
- The S&P 500 was down 0.06% at 4,459.45
- The Nasdaq was down 1.22% at 13,453.07
The dollar appreciated today.
- The dollar index was at 100.45
- The euro fell to $ 1.08425
- The pound fell to $ 1.30555
- The yen is at 128.335 against the dollar
- The yuan was against the greenback at 1.3006.
Oil prices
Brent crude was up 55 cents at $ 107.35 a barrel. US West Texas Intermediate (WTI) crude futures rose 41 cents to 102.60 a barrel.
FIIs sold shares worth Rs 3,009 crore
According to Nifty data, net and foreign portfolio investors (FPIs) are trading at Rs. 3,009.26 crore. DIIs have become net buyers for Rs 2,645.82 crore, according to data.
Today’s quarterly earnings
HCL Technologies, Nestle India, ICICI Lampard Insurance, L&T, Tata Communications, Crisil, Scient, Raleys India, Rajrathan Global, Saskan Technologies and Siva Cement will announce their March quarterly results today.
Shares in the F&O block today
Tata Power shares are under F&O ban today. Under securities under the F&O category, securities include companies that exceed 95% of the market level range.
Money markets
Rupee: The rupee rose 20 paise to 76.30 against the US dollar yesterday, breaking its four-day loss.
10 year bonds
India’s 10-year bonds were down 0.64 per cent at 7.12 after trading in the 7.11 – 7.18 range yesterday.
Call charges
According to data from the Reserve Bank of India, last night’s call average was 3.52 per cent. It moved in the range of 2.20-3.95 percent.