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

The Indian stock market on Friday ended the session on a negative note with a massive sell-off led by FIIs. The S&P BSE Sensex cracked over 650 points while the Nifty50 closed below 17700-level.

Rohit Singre, Senior Technical Analyst at LKP Securities, said: "After showing a strong volatile week Index closed a week at 17672 with loss of more than two percent and formed a bearish candle after forming bearish piercing candle last week hinting weakness.”

“On daily chart index reached to its good support at 17600-17500 zone from where we have been witnessed a good move towards 18600 zone, so if said levels survived then decent pullback towards 17800-17900 zone in expected, which act as immediate resistance too on the higher side, fresh move only possible above 18000 mark,” Singre added.

“Our research shows that it is going to be crucial for the short-term market scenario to sustain above the 17600 Nifty50 Index support zone. If the market is unable to sustain the level of 17600, we can witness lower levels of 17250-17300. The technical indicator suggests a volatile movement in the market,” Vijay Dhanotiya, Lead Technical Research at CapitalVia Global Research said in a note.

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 the economy:

Global Markets

On Wall Street, the Dow Jones Industrial Average rose 0.25% to 35,819.56 while the S&P 500 gained 0.19% to 4,605.38.

Asian Markets

The Nikkei 225 in Japan on Monday opened with a positive bias and was trading higher by 2.21 per cent while the Hang Seng Index was trading below 1.31 per cent the previous close at 7:35 AM IST.

SGX Nifty

SGX Nifty opened in the green and gained nearly 1.96% by 7.35 AM IST.

Oil settles down but off 2-week low; supply concerns in focus

Oil prices dipped on Thursday but settled off two-week lows as concerns about U.S. supply growth vied with speculation that Iran`s supply could come online following nuclear talks with global powers.

Brent crude settled down 26 cents, or 0.3%, lower at $84.32 a barrel. During the session it hit a two-week low of $82.32 after falling 2.1% on Wednesday.

U.S. West Texas Intermediate (WTI) crude rose 15 cents, or 0.2%, to settle at $82.81. During the session the contract touched a two-week low of $80.58. On Wednesday, the benchmark dropped 2.4% after weekly data showed U.S. crude stockpiles grew more than expected.

Cement, steel industries should use green hydrogen for energy: Gadkari

Union minister Nitin Gadkari on Sunday said it is now time that cement and steel industries start using green hydrogen as energy instead of coal for production.He was speaking at the inauguration of various facilities of Manganese Ore India Limited (MOIL) based in Nagpur.

"It is now time for using green hydrogen as energy in the cement and steel industry in place of coal. We should work on value addition by running metal industries, where mining products are using green hydrogen as energy. We will have to protect the environment and increase our production at the same time," he said.

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Rupee rises 15 paise

The rupee surged 15 paise to 74.77 against the US dollar in opening trade on Friday on expectation of better inflows into high profile initial public offerings (IPOs).

At the interbank foreign exchange, the rupee opened strong at 74.78 against the dollar and inched further to 74.77 in early deals, a rise of 15 paise over its previous close.

On Wednesday, the rupee had settled at 74.92 against the US dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.08 per cent to 93.41.

Global oil benchmark Brent crude futures rose 0.23 per cent to USD 84.51 per barrel.

FinMin issues uniform norms for accountability

To protect the people taking bonafide business decisions, the finance ministry has issued a uniform staff accountability framework for NPA accounts up to Rs 50 crore. These guidelines shall be implemented with effect from April 1, 2022, for accounts turning non-performing assets (NPAs) beginning the next financial year.

The Department of Financial Services (DFS), under the finance ministry, "vide its order dated October 29 advised broad guidelines to be adopted by all public sector banks (PSBs) on 'Staff Accountability Framework for NPA Accounts up to Rs 50 crore' (Other than Fraud Cases)", the Indian Banks' Association (IBA) said in a statement.

Banks have been advised to revise their staff accountability policies based on these broad guidelines and frame the procedures with approval of the respective boards, it said.

FPIs turn net sellers in Oct; pull out Rs 12,278 cr

After two months of buying, foreign portfolio investors (FPIs) have turned net sellers in October by pulling out Rs 12,278 crore from Indian markets.

As per depositories data, FPIs took out Rs 13,550 crore from equities but invested Rs 1,272 crore in the debt segment during October 1-29. The total net outflow stood at Rs 12,278 crore during the period under review. FPIs were net buyers in August and September.

"Foreign brokerages like Merril Lynch, UBS and Nomura have downgraded India due to excessive valuations. This might have prompted FPIs to sell on a sustained basis," said V K Vijayakumar, chief investment strategist at Geojit Financial Services.

Five IPOs to hit market in the first half of Nov; seek to raise over Rs 27,000 cr

After a month-long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively.

The other three firms whose initial share sales are set to open are Sapphire Foods India, which operates KFC and Pizza Hut outlets, decorative aesthetics supplier SJS Enterprises, and microcrystalline cellulose manufacturer Sigachi Industries.

The IPOs of FSN E-Commerce Ventures Ltd, which runs an online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for public subscription.

FII & DII Data

Foreign portfolio investors (FPIs) remained net sellers for Rs 5142.63 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 4342.51 crore, provisional data showed on the NSE.

Stocks under F&O ban on NSE  

Punjab National Bank has been 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.)