Market Movers: 10 things to know before you make your opening trade on Tuesday

The Indian stock market on Monday snapped 4-day losing streak and ended positively. The S&P BSE Sensex gained around 150 points while the Nifty50 closed below 18150-level.

In the 50-share pack Nifty, ICICI Bank was the biggest gainer, up 10.85 per cent. Axis Bank, ONGC and JSW Steel were among other major gainers. BPCL was the top loser in the pack, down 3.48 per cent. SBI Life Insurance, Bajaj Finserv and Bajaj Auto were other losers in the pack.

Mohit Nigam, Head - PMS, Hem Securities said, “Benchmark indices ended the day’s session on a firm footing after a volatile start and strong buying interest witnessed in banking stocks with Nifty Bank closed 2.15 percent up and Nifty 50 ended on a flat note with 0.06 percent up.”

He added, “This outperformance of bank nifty is justified by the bank results so far and bullish trend may continue in future.”

According to Nigam, “The BSE Sensex index up by 145 points and closed 0.24 per cent up with eight of 30 stocks close in red. Volatility Gauge India VIX jumps by 0.34 per cent. Strong selling interest seen in Nifty IT with Nifty IT down by 1.10 per cent.”

On the global front, the analyst said, “A firm start for the European markets also helped the market sentiments with European stocks inch higher as commodity prices strengthened.”

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

Global stocks rose and Treasury yields dipped on Monday with major Wall Street benchmarks hitting fresh records, buoyed by a robust start to the U.S. corporate earnings season and an improving economic outlook.

The Dow Jones Industrial Average rose 0.18% to 35,741.15, the S&P 500 gained 0.47% to 4,566.48 and the Nasdaq Composite added 0.9, to 15,226.71.

The MSCI world equity index, which tracks shares in 50 countries, rose 0.28%, while the pan-European STOXX 600 index gained 0.07%.

Asian Markets

The Nikkei 225 in Japan on Friday opened with a positive bias and was trading higher by 1.87 per cent while the Hang Seng Index was trading 0.22% below the previous closing at around 7:30 AM IST.

SGX Nifty

SGX Nifty opened in the green and gained 0.41% at 7.30 AM IST.

NSE surpasses 5 crore registered investors

The number of registered investors on the National Stock Exchange of India (NSE) crossed five crore on Monday.

While the journey from three crore registered investors to four crore registered investors took about 15 months, the next one crore investor registrations took less than seven months, the leading bourse said in a statement.

The total number of unique client codes registered with the exchange stand at 8.86 crore (clients could register with more than one trading member).

Oil prices extend gains to multi-year highs on tight supply

Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps.

Brent crude futures rose by $1.10, or 1.3%, to $86.63 a barrel by 1406 GMT, the highest since October 2018. U.S. West Texas Intermediate (WTI) crude futures rose $1.46, or 1.7%, to $85.22 and reached their highest level since October 2014.

Both benchmarks closed last week with slight gains despite rising coronavirus cases in Britain and Eastern Europe, signalling a potentially difficult winter ahead.

Rupee slips 14 paise

The Indian rupee depreciated 14 paise to 75.04 against the US dollar in opening trade on Monday, weighed down firm crude oil prices and a muted trend in domestic equities.

At the interbank foreign exchange, the rupee opened on a weak note at 74.98, then fell further to 75.04, registering a decline of 14 paise from the last close. On Friday, the rupee had closed at 74.90 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12 per cent to 93.53.

Insider trading: Sebi levies fine on 3 employees of Titan

Markets regulator Sebi on Monday imposed monetary penalty on three employees of Titan Company Ltd for violating insider trading norms.

The regulator had received a letter from Titan wherein it intimated about violation of Prevention of Insider Trading (PIT) regulations and the company's code of conduct for the prevention of insider trading by some of its designated persons/employees.

Thereafter, the regulator conducted an investigation in the scrip of Titan and observed several non-compliances with PIT Regulations during the period April 2018-March 2019 by employees and designated persons.

7 cos to get Sebi's nod for IPO 

As many as seven companies, including ESAF Small Finance Bank, Sapphire Foods India and Anand Rathi Wealth, have received capital markets regulator Sebi's nod to raise over Rs 28,000 crore through initial public offerings (IPOs).

In addition, PB Fintech, which operates an online insurance platform Policybazaar and credit comparison portal Paisabazaar, Paytm's parent firm One97 Communications, life sciences company Tarsons Products and HP Adhesives also received Sebi's clearance to float their IPOs.

These companies, which filed their draft papers with Sebi between July and August, obtained the regulator's observations during October 18-22, an update with Sebi showed on Monday. 

India may register 9.5% growth in FY22: Report 

The economy is likely to register a 9.5 per cent growth this fiscal over 7.3 per cent contraction last year, as the ongoing recovery is faster and more credible than earlier foreseen, according to a Swiss brokerage UBS Securities India report.

It will gather more momentum in the second half of the current fiscal, but will slow down to 7.7 per cent next financial year, it added.

The government has budgeted for a 10.5 per cent growth this fiscal, but the Reserve Bank has scaled it down to 9.5 per cent. Ravaged by the pandemic, the economy tanked 7.3 per cent last fiscal, the worst and the third contraction on record. 

FII & DII Data

Foreign portfolio investors (FPIs) remained net sellers for Rs 2459.1 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 2390.237 crore, provisional data showed on the NSE.

Stocks under F&O ban on NSE  

Six stocks – Escorts, Indiabulls Housing Finance, IEX, NMDC, SAIL and 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.)