10 things to know before making opening trade on Tuesday

The Indian market on Monday continues its gaining streak to close in the green on Monday, as both the benchmark indices hit a new record level intraday today, while Sensex registered at record closing high, Nifty failed to hold 18000-mark. 

Sectorally, selling pressure was visible in information and technology indices while buying interest was seen in auto, banking, financial service, metal, media realty among other stocks. 

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“The Nifty opened on a negative note on October 11, however, received support near the key hourly moving averages. Thereon, the index had a leap on the upside and crossed the all-time high of 17947 as well as the psychological mark of 18000 on an intraday basis,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said in a note. 

He added, “However the index couldn’t sustain there on a closing basis, and it is currently trading near a make-or-break level. If it manages to cross the level of 18,000 on a closing basis then the consolidation will be considered to have broken on the upside and the Nifty will then be set for a significant upside.”  

Stay tuned to Zeebiz.com to find out what could impact your trade today. We have collated a list of top 10 news points which could impact markets, companies, or economy:    

Global Markets: 

US stocks ended a choppy session lower on Monday (October 11) as investors grew more nervous ahead of the third-quarter earnings reporting season. According The S&P 500 lost 30.15 points, or 0.69%, to end at 4,361.19 points, while the Nasdaq Composite lost 93.34 points, or 0.64%, to 14,486.20.

The Dow Jones Industrial Average fell 250.19 points, or 0.72%, to 34,496.06.  

Asian Markets: 

At around 7.15 am, major Asian Markets were trading in the negative territory on Monday as Japanese Nikkei 225 was down 2444.97 points or 0.92% to 28,235.88 points after opening in the red at 28,458.88.  Similarly, Hang Seng Index was down over 1.65% and was trading at 24,908.56, down over 400 points. 

SGX Nifty: 

The Nifty futures were trading at 17,543, down 18 points or 0.11% on the Singaporean Exchange around 07:20 hours IST.

Oil extends rally to multi-year peaks  

Oil prices extended gains to scale multi-year peaks on Monday, fuelled by the rebound in global demand that has also contributed to power and gas shortages in key economies like China. 

Brent crude was up $1.39, or 1.7%, at $83.78 a barrel by 11:02 a.m. EDT (1502 GMT), after hitting its highest since October 2018 at $84.60 earlier in the session. 

U.S. West Texas Intermediate (WTI) crude rose $1.55, or 2%, to $80.90, after touching its highest since late 2014 at $82.18. 

DoT allows telcos to digitise CAFs 

Telecom operators have been allowed to digitise customer application forms, a move that is expected to ease updation of subscribers' data. 

The provision also frees telecom operators from storing paper customer application forms (CAFs) in warehouses. 

"Telecom service providers (TSPs) are permitted to store the digitally scanned coloured copies of the paper-based CAF documents. Digitally scanned copies of the CAF documents must be maintained for all the active customers," the Department of Telecom guidelines for digitisation of paper CAFs said on Monday. 

Rupee slumps 37 paise to close at 15-month low 

The rupee tumbled by 37 paise close at a 15-month low of 75.36 against the U.S. dollar on Monday as rising crude oil prices and a stronger American currency in the overseas market weighed on investor sentiment. 

The Indian currency for the first time this year settled below the 75 level. The unit had closed at 74.99 on Friday. 

At the interbank foreign exchange market, the local currency opened lower at 75.11 and witnessed an intra-day high of 75.06 and a low of 75.39 against the U.S. dollar in day trade. 

Pension schemes subscription rise to 4.63 cr at Sept-end: PFRDA 

The Pension Fund Regulatory and Development Authority (PFRDA) on Monday said the number of subscribers in various pension schemes rose 24 per cent to 4.63 crore as at the end of September 2021. 

The total number of subscribers in pension schemes regulated by PFRDA had stood at 3.74 crore in the same month a year ago, the pension fund regulator said in a statement. 

Govt issues letter of intent to Tatas for Air India sale 

The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said. 

Last week, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, to pay Rs 2,700 crore in cash and takeover Rs 15,300 crore of the airline's debt. 

Subsequent to that, an LoI has now been issued to Tata confirming the government's willingness to sell its 100 per cent stake in the airline. 

NSE launches weekly USD-INR futures contracts 

The National Stock Exchange (NSE) on Monday introduced weekly futures contracts in the US Dollar-Indian Rupee (USD-INR) currency pair. 

The first day witnessed participation from 122 trading members, with volumes of 1.43 lakh contracts worth Rs 1,079.6 crore traded at the end of the day in the weekly futures contracts of USD-INR. 

"The launch of weekly futures in the US Dollar-IndianRupee currency pair, will only complement the existing currency derivatives product suite and will further help in deepening the market," as per a release. 

FII & DII Data: 

Foreign portfolio investors (FPIs) remained net sellers for Rs 1303.22 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 373.28 crore, provisional data showed on the NSE. 

Stocks under F&O ban on NSE   

Nine stocks – Bank of Baroda, Canara Bank, BHEL, Indiabulls Housing Finance, IRCTC, NALCO, PNB, SAIL & Sun TV - are under the F&O ban. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit. 

(With inputs from PTI, Reuters and other agencies) 

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)