TCS Q2 results, US Markets and more: Here are 10 key things to know before market opens on Tuesday, Oct 11

Domestic stock markets ended Monday’s session in the red. The BSE Sensex closed at 57,991.11, down by 200.18 points or 0.34 per cent from the Friday closing level. Meanwhile, the Nifty50 index settled at 17241, lower by 73 points or 0.43 per cent.

On BSE, the number of stocks that traded today 3729, with 1360 stocks advancing and declining 2207 while 162 remained unchanged. Number of stocks that hit 52-week high was 165 while those hitting 52-week lows were 76. In the 30-share Sensex, 19 ended in the red while 11 were trading in the green at the closing time.

In the 50-share Nifty50, 15 stocks advanced while 35 declined. Bank Nifty closed at 39093.10, down by 84 points or 0.22 per cent. Out of 15 sectoral indices, one ended positively while 14 closed negatively. Nifty IT was the lone gainer which gained by over 1 per cent.

The worst performing indices were Nifty Consumer Durables (1.21 per cent), Nifty FMCG (1.10 per cent) and Nifty Media (1.07 per cent) which witnessed significant corrections. In the broader markets, Nifty Midcap 100 was down by 0.95 per cent at the closing time. Meanwhile, Nifty Small Cap 100 was corrected 0.46 per cent.

Here are key triggers that could determine the stock market movement when they open on Tuesday:

1) Earning season begins with the announcement of TCS' quarterly earnings. The second largest Indian company by way of market capitalsiation reported 8.4 per cent YoY jump in Q2FY23 net profit; revenue grews by 18 per cent. The results were announced after market hours. The stock closed with gains. 

Also Read: Nifty50, Sensex top gainers and losers: Buy TCS, Axis Bank; avoid Tata Consumer Products, analyst says

2) There could be stock specific action on account of Q2FY23 results. JTL Infra on Monday reported 20.27 cr in September quarter versus 11 cr. Delta Corp will declare its Q2 results on Tuesday.

3) US Markets:  US Markets were also trading with weakness on Monday. DOW 30 was trading at 29,066.30, down by 230.51 points or 0.79 per cent while S&P 500 was trading at 3,596.19, down by 43.47 points or 1.19 per cent. Meanwhile, Nasdaq Composite was trading at 10,480.50, down by 171.87 points or 1.61 per cent. The movement in BSE, NSE will take cues from Monday closing on Monday. It will also depen upon SGX Nifty.   

 Source: Comex

4) Rupee Vs Dollar: Rupee hit a new low at 82.6830 on Monday.The rupee pared most of its initial losses and settled 4 paise lower at a fresh lifetime low of 82.34 (provisional) against the US dollar weighed down by as risk-averse sentiment among investors. Moreover, a negative trend in domestic equities and a firm greenback overseas sapped investor appetite, forex traders said. At the interbank foreign exchange market, the local currency opened at 82.68, then fell further to an all-time intra-day low of 82.69. "The Indian rupee pared opening losses on possible central bank intervention and corporate inflows... Lower crude oil prices also supported the rupee in today's session," said Dilip Parmar, Research Analyst, HDFC Securities. However, the directional trend remains bearish for the rupee amid tighter liquidity conditions and risk-averse sentiments, Parmar said, adding, "Spot USD-INR is having near-term resistance at 82.90 and support at 81.95." Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.23 per cent to 113.05. PTI

 Source: Comex

5) Commodities

 Source: Comex 

On MCX, the December Gold futures were trading at Rs 51005 at the time of filing of the story. They were down by Rs 955 or 1.84 per cent. The December Silver futures were trading at 58950 per kg and were  down by Rs 1835 or 3.02 per cent.

6) Securities in Ban For Trade on 11 October 2022: Indiabulls Housing Finance and India Cement.

7) Bulk Deals: At least 21 companies witnesses bulk deal action on Monday that could trigger stock specific action when markets reopen on Tuesday. APL Apollo Healthcare Private Limited sold 1,69,150 shares in Atul Auto Limited at Rs 234.49 per share. Graviton Research Capital bought 1,86,011 shares at Rs 234.45 per share. The company sold 1,86,011 shares at Rs 234.92 per share. HRTI Private Limited bought 24,36,721 shares at Rs 126.53 per share in Indiabulls Housing Fin while it sold 24,00,252 shares at Rs 126.66 per share. Among other companies, Mazagon Dock Shipbuilding, Kshitij Polyline Limited and Garden Reach Shipbuilding witnessed bulk deal action.

9) DII / FII Data: Foreign Institutional Investors sold Indian equities worth Rs 2,139.02 cr while Domestic Institutional Investors (DIIs) bought shares worth Rs 2,137.46 cr.

10)  Anil Singhvi Strategy: The Managing Editor said that Nifty50 has strong support at 16950-17050 while resistance at 17375-17425. As for Bank Nifty, support is seen at 38800-38950 while resistance is seen at 39400-39550. #BazaarAajAurKal

(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.)