From Wall Street action to China lockdown protests, 12 triggers that could impact market movement on Tuesday

Domestic stock markets ended Monday on a high, registering five straight sessions of positive closing. Unfazed by the losses witnessed by their Asia peers, Indian frontline indices went on to create new records. Nifty50 scaled a new lifetime high of 18,614.25, bettering its previous record of 18,604 on the intraday basis and finally settling at 18,562.75, up 50 points or 0.27 per cent. The S&P BSE Sensex also hit yet another lifetime high of 62701.4. The 30-stock index closed at 62,504.80, higher by 211.16 points or 0.34 per cent. When markets reopen tomorrow, there will be local and global triggers that will impact the movement. We have collated 12 things to watch out for. Here is a list!

1) US Markets: Wall Street's closing on Monday will be a key trigger. The markets opened today after a truncted last week and were trading in the red. Dow 30 was trading at 34,172.90, down 174.18 or0.51 per cent while S&P 500 was trading at 3,995.67 down 30.45 points or 0.76 per cent. Nasdaq Composite was trading at 11,147.60, down 78.79 points 0.70 per cent. The negative opening was on account of China unrest. Apple shares fell.  

 Source: Comex

2) Investors must watch out for Singapore-based SGX Nifty futures on Tuesday which are an early indicator of movement in Nifty50 along with Dow 30 futures. At the time of filing of the story, SGX Nifty futures were trading at 18,709.50, down, 19.50 points or 0.10 per cent. Dow Futures were trading at 34,151.50, down 195.50 points or 0.57 per cent.

3) Developments in China could also trigger Asian markets as unprecedented dissent against Xi Jinping is growing over government’s harsher Covid-19 lockdowns.

4) Rupee Vs Dollar Movement: Investors must track Dollar Index (DXY) which has further corrected and was below 106. A weaker USD augurs well for INR and domestic markets.  The rupee climbed 5 paise to close at 81.66 (provisional) against the US dollar on Monday as lower crude prices in and a firm trend in domestic equities boosted investor sentiment. Besides, a weak American currency and foreign fund inflows also supported the domestic unit, forex traders said. At the interbank foreign exchange market, the local unit opened weak at 81.81 and touched an intra-day high of 81.61 and a low of 81.83 against the greenback. The local unit finally settled at 81.66, registering a rise of 5 paise over its previous close of 81.71. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.35 per cent to 105.59. PTI

5) Bulk Deals: There could be stock specific action on account of bulk deals that happened on Monday. Over two dozen companies witnessed bulk deal action today including Ami Organics, Inox Green, Mishra Dhatu Nigam Limited and Precision Metaliks. Norges Bank On Account Of The Government Pension Fund Global bought 10,92,000 shares in Ami Organics Limited at Rs 920. Meanwhile, Small Cap World Fund Inc sold 12,72,000  shares at Rs 920. Dovetail India Fund Class 6 shares sold 18,00,000 in Inox Green Energy Services at Rs 61.69.          

6) FII / DII action – Foreign institutional investors bought Indian equities worth Rs 935.88 crore while domestic institutional investors were also net buyers at Rs 87.93 crore.

7) Stock in News: Tomorrow is an ex-date for interim dividend of Vedanta while the record date is 30 November. The company has announced third interim dividend of Rs 17.50 per share. IRFC has been in top action and it has gained over 50 per cent this month. Most railway stocks have been trading with significant gains.

Also Read: Stock Market HIGHLIGHTS: All time high closing for Nifty, Sensex; BPCL, Hero MotoCorp end among top gainers

8) Nifty, Bank Nifty - key Support and Resistance Levels - Market Expert Anuj Gupta of IIFL Securities sees support for Nifty Futures at 18480-18300 while resistance at 18820-18980. As for Bank Nifty, support is seen at Rs 42900-42300 while resistance is seen at 43800-44300.     

9) IPO Watch: It will be Day 2 for Dharmaj Crop Guard IPO. The issue was overall subscribed 0.79 times on the NSE as per data available on NSE. The retail portion was subscribed 1.37 times.

10) Commodity Markets: Pressure was seen in commodity markets as well with Crude prices nearing a low point for the year partially due to unrest in China. They have fallen for three consecutive weeks, PTI reported. Precious metals like Gold and silver were trading weak on Comex and MCX.

Also Read: Paytm shares recover intraday losses after 3% fall post RBI decision to pauses onboarding of online merchants by PPSL

11) Stocks in Ban: Three stocks are in Ban - Indiabulls Housing Finance, BHEL and Delta Corp. 

12) Media reports suggesting correction in Bitcoin prices following disruptions in China have also emerged.  

(Disclaimer: The views/suggestions/advises 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.)