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

The Indian market on Monday ended the trading session on a positive note with the S&P BSE Sensex jumped over 800 points while the Nifty50 closed above 17900-level.

Rahul Sharma, Co-Founder, Equity99, " Markets made a good up-move today with Sensex up 831 points & Nifty up 258 points. Today all sectors except Oil & Gas were in the green. Nifty Realty was the top performer followed by Nifty Metals & IT.”

“The baking index also made a good move today up 1.66%. The nifty midcap index was also up 1.82%. Among the Nifty50 pack, IndusInd Bank was the top performer followed by Hindalco & HCL Tech, while UPL, M&M, And Bajaj Finserv were top losers” Sharma said.

Markets are making good moves on both sides and it's difficult to predict any future move. However, expect some correction in short term. Investors are advised to trade cautiously and follow strict stop loss, Equity99 further added.

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 equity markets rose on Monday as investors await clarity from the U.S. Federal Reserve as to whether it will might raise interest rates sooner than they anticipated several months ago, before a sustained bout of inflation.

The pan-European STOXX 600 index rose 0.71% and MSCI`s gauge of stocks across the globe gained 0.44% as the multi-national mood was supported by Japan`s post-election boost and stabilizing coal prices in China.

The Dow Jones Industrial Average rose 94.28 points, or 0.26%, to 35,913.84 after eclipsing 36,000 points for the first time ever during intraday trading. The S&P 500 gained 8.29 points, or 0.18%, to 4,613.67 while the Nasdaq Composite added 97.53 points, or 0.63%, to 15,595.92.

Asian Markets

The Nikkei 225 in Japan on Tuesday opened with a negative bias and was trading lower by 0.33 per cent while the Hang Seng Index was trading higher by 1.59 per cent around 7:30 AM IST.

SGX Nifty

SGX Nifty opened in the red and lost nearly 0.61% by 7.30 AM IST.

Oil rises on demand outlook

Oil prices rose sharply on Monday as expectations of strong demand and a belief that a key producer group will not turn on the spigots too fast helped reverse initial losses caused by the release of fuel reserves by China, the world’s biggest energy consumer.

Brent crude futures were up $1.22, or 1.5%, to $84.94 a barrel at 1339 GMT, after hitting a session low of $83.03. U.S. West Texas Intermediate (WTI) crude futures gained $1.09, or 1.3%, to $84.66, having fallen to $82.74 earlier.

"Fundamentals have not changed, and the oil market will remain tight in the near term," said Stephen Brennock of oil brokerage PVM Oil. 

Trade deficit in October narrows to $19.9 billion 

The merchandise trade deficit in October narrowed to $19.9 billion from a record $22.6 billion in September, preliminary data released by the government showed on Monday.

India’s merchandise exports in October rose to $35.47 billion from $24.92 billion for the month from the same period last year, while imports rose to $55.37 billion from $34.07 billion in the same month last year. 

Rupee pares initial losses to close flat

The rupee pared its initial losses to settle marginally up by 1 paisa at 74.87 (provisional) against the US dollar on Monday following a firm trend in the domestic equities.

At the interbank foreign exchange market, the domestic unit opened on a weak note and slipped below the 75 per dollar mark. The rupee touched a low of 75.04 and a high of 74.84 during the day before closing at 74.87, up 1 paisa from its last close.

On Friday, the rupee had closed at 74.88 against the US dollar.

Gold edges higher as dollar eases 

Gold prices ticked up on Monday, as the dollar eased, ahead of a US Federal Reserve meeting where the focus is on the central bank`s plan for tapering its pandemic stimulus measures.

Spot gold was up 0.3 per cent to $1,787.70 per ounce at 1303 GMT after touching a more than one-week low in the previous session. U.S. gold futures for December delivery gained 0.4 per cent to $1,790.00 per ounce.

"Gold had a sharp fall on Friday and it went into oversold territory, so what you`ve got is a little bit of bargain hunting," StoneX analyst Rhona O`Connell said, adding a dip in the U.S. dollar was adding support to bullion. 

Sebi forms IT project advisory committee to provide technical expertise 

Sebi has constituted IT Projects Advisory Committee that will advise the markets regulator on projects aimed to utilise advanced technologies such as artificial intelligence, machine learning, data analytics, and cloud computing.

The seven-member committee, headed by Abhay Karandikar, a director at IIT Kanpur, will provide guidance to upgrade existing Sebi's IT systems and solutions with the latest IT practices, techniques, tools, and technologies, an update available with the regulator showed.

It will provide technical expertise to Sebi in various stages of IT solution procurement as members of the Tender Evaluation Committee. 

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Coal India production rises 6.4% YoY in Oct 

State-owned CIL on Monday said it's coal production increased 6.4 per cent year-on-year (y-o-y) to 49.8 million tonnes (MT) in October.

The development assumes significance in the wake of the country's power plants facing fuel shortages. The production by Coal India Ltd (CIL) had stood at 46.8 MT in the corresponding month last year, the company said in a BSE filing.

Coal production by CIL in April-October 2021 also rose 5.9 per cent to 299.6 MT, compared with 282.8 MT in the year-ago period. 

FII & DII Data

Foreign portfolio investors (FPIs) remained net sellers for Rs 202.13 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 116.01 crore, provisional data showed on the NSE.

Stocks under F&O ban on NSE  

Punjab National Bank and Escorts were 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.)