10 things to know before you make your opening trade on December 13

The Indian markets snapped a three-day rally to eventually end flat with negative bias on Friday, as the Sensex fell by 20 points and Nifty50 closed at an important level above 17500-mark.  

Mohit Nigam, Head - PMS, Hem Securities said, “The domestic benchmark indices traded on a tepid note ahead of the inflation data in the US. Moreover, continuous FII selling also hurt the sentiments on Dalal Street. Meanwhile, shares of Star Health listed at 6 per cent discount while Rakesh Jhunjhunwala-backed Metro Brands IPO opened for subscription.”   

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He added, “Despite the markets being in red, the realty index closed 2.31 per cent up with experts believing the realty sector is expected to continue its upward trend in the medium to long term.”  

Stock specific action witnessed in Trident with the company sends discount vouchers to about 15 lakh shareholders, the analyst said in his comment.  

In the 50-share pack Nifty, Asian Paints was the biggest gainer, up 3.29 per cent. Grasim, SBI bank and SBI Life Insurance were among other gainers. Divis Labs was the top loser in the pack, down 1.54 per cent. Titan Company, HDFC and Kotak Mahindra were other losers in the pack. Nigam also said.  

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:  

The US markets saw strong closing on Friday as all important indices closed with gains. Dow Jones ended 216 points or 0.60% higher at 35,971, Nasdaq Composite scaled 113 points or 0.73% to 15,631, while S&P 500 closed on record high after gaining 0.99% or 44.57 % to 4712.02 

Asian Markets:  

All major Asian indices were trading in the green on Monday morning. Japanese Nikkei 225 was trading 1.10% or 313 points up to 28,751, Hang Seng Index at the Hong Kong Exchange was also 0.99% higher, while Shanghai Composite was 0.65% up around 7.15 am this morning. 

SGX Nifty:  

The SGX Nifty hinted at positive opening for the Indian markets as the SGX Nifty Futures gained 130.50 points to trade higher at 17,675.50 around 7.15 am IST.  

Oil prices post biggest weekly gain since August  

Oil prices rose slightly on Friday and posted their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant`s impact on global economic growth and fuel demand.  

The Brent and U.S. West Texas Intermediate (WTI) crude benchmarks each posted gains of about 8% this week, their first weekly gain in seven, even after a brief bout of profit-taking.  

Brent futures settled up 73 cents, or 1%, at $75.15 a barrel, after falling 1.9% on Thursday. WTI rose 73 cents, or 1%, to $71.67 after sliding 2% in a volatile session the previous day.  

Sebi proposes rationalising 'promoter group' definition  

Markets regulator Sebi on Tuesday proposed to rationalise the definition of 'promoter group' and move to the concept of 'person in control' as well as reduce the minimum lock-in periods for promoters' and other shareholders post an IPO.  

In a consultation paper, the watchdog has also suggested streamlining the disclosures requirement of group companies. The Securities and Exchange Board of India (Sebi) has sought comments from the public on the proposals till June 10.  

With regard to the lock-in period, Sebi has proposed that if the object of the issue involves offer for sale or financing other than for capital expenditure for a project, then the minimum promoters' contribution of 20 per cent should be locked-in for one year from the date of allotment in the Initial Public Offer (IPO). Currently, the lock-in period is three years.  

India to be among a few economies to rebound strongly: FinMin  

India will be among only a few economies in the world to rebound strongly from COVID-19 induced economic contraction of 2020-21, a Finance Ministry report said assuaging that the Omicron variant's impact on the economy will be less severe due to rapid vaccination.  

Real GDP in Q2 of FY2021-22 has grown by 8.4 per cent YoY, recovering more than 100 per cent of the pre-pandemic output in the corresponding quarter of FY2019-20, said the monthly Economic Review prepared by the Finance Ministry.  

"India is among the few countries that have recorded four consecutive quarters of growth amid Covid-19 (Q3, Q4 of FY21 and Q1, Q2 of FY22) reflecting the resilience of the Indian economy. The recovery was driven by a revival in services, full-recovery in manufacturing and sustained growth in agriculture sectors," it said.  

Rupee tumbles 18 paise to 75.78/$  

The rupee dropped by 18 paise to an over 16-month low of 75.78 against the US dollar on Friday amid consistent foreign fund outflows and growing concerns about inflation.  

At the interbank foreign exchange market, the local unit opened lower at 75.65 a dollar and later tanked to the day's low of 75.85 in line with a lacklustre trend in equity markets.  

The domestic currency pared some of the losses in the closing session to end at 75.78, its lowest closing level since June 22, 2020.  

The rupee also declined for the third straight week with a weekly loss of 66 paise or 0.88 per cent against the greenback.  

Govt unlikely to announce capital infusion for PSBs in Budget FY23  

The government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget, as their financial health has improved on the back of reduction in bad loans, sources said.  

To augment their resources, banks would be encouraged to raise funds from the market and also by selling their non-core assets, they added.  

During the current financial year, the government has earmarked Rs 20,000 crore for the recapitalisation of PSBs.  

Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on February 1.  

FPIs net sellers at Rs 8,879 cr in Dec so far   

Foreign portfolio investors (FPIs) were net sellers in the Indian markets to the tune of Rs 8,879 crore so far in December.  

As per depositories' data, they took out Rs 7,462 crore from equities, Rs 1,272 crore from the debt segment and Rs 145 crore from hybrid instruments during December 1-10.  

This took the total net outflow to Rs 8,879 crore during the period. In November, FPIs were net sellers to the tune of Rs 2,521 crore in Indian markets.  

There continue to be concerned over the highly transmissible Omicron variant of coronavirus, which has impacted global growth outlook and could play a spoilsport, said Himanshu Srivastava, associate director (manager research) of Morningstar India.  

FII & DII Data:  

Foreign portfolio investors (FPIs) remained net sellers for Rs 1092.4 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 386.63 crore, provisional data showed on the NSE.  

Stocks under F&O ban on NSE    

Three stocks: Indiabulls Housing Finance, Escorts, Idea are placed under the F&O ban on Monday. 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.)