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

Selling pressure in Information and technology stocks as well as in FMCG and Pharma, made the Indian markets close flat with a positive bias, after two consecutive record closing highs, on Monday.   

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The BSE Sensex gained marginally 30 points to hold the 60,000-mark, while Nifty50 rises a mere two-point to end below 17,900-level on Monday.   

Out of 50 scrips on Nifty50, 25 advanced, 25 declined at the market close on Monday. Auto stocks gained most in a flat market today, with Maruti surging most of all by near 6.5 per cent, followed by M&M and Tata Motors both up over 4 per cent, While Hero Moto gained almost 3 per cent.    

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:  

Wall Street ended mixed on Monday (September 27) as investors began the last week of September and the quarter with a pivot to value as tech shares, hurt by rising Treasury yields, weighed on the Nasdaq Composite index, as per Reuters. Important US indices, the Dow Jones Industrial Average rose 72.95 points or 0.21% to 34,870.95, while S&P 500 lost 12.27 points, or 0.28%, to 4,443.21 and the Nasdaq Composite dropped 75.77 points, or 0.5%, to 14,971.93. 

Asian Markets:  

Asian markets were trading mixed on Tuesday morning. SGX Nifty opened on 17,862.00 and was trading at 17,927.80, up 65.75 points or 0.37% around 7.30 am on Tuesday. Similarly, another major Asian index, Japanese Nikkei, was trading at 30,085.50 points, below 154.56 points (0.51%) from its opening in the opening trade.   

SGX Nifty:  

Trends on SGX Nifty indicate a positive opening for the index in India with nearly 20 points gain in the early trade. The Nifty futures were trading at 17,874.00, up 18.50 points or 0.10% on the Singaporean Exchange around 07:30 hours IST 

Goldman cuts China GDP growth forecast on energy supply crunch

Goldman Sachs has cut China's economic growth forecast for 2021 to 7.8%, from 8.2%, as energy shortages and deep industrial output cuts add "significant downside pressures", it said in a note on Tuesday.

The power supply crunch, brought about by environmental controls, supply constraints and soaring prices, has forced industries throughout the country to cut production, and left several provinces scrambling to guarantee electricity and heating for residents.

Sebi releases revised risk management norm for MFs:  

Markets regulator Sebi on Monday came out with revised risk management framework for mutual funds with certain mandatory and recommendatory elements.  

Asset management companies (AMCs) need to perform a self-assessment of their risk management framework and practices and submit a report to Sebi along with the roadmap for implementation of the framework, Sebi said in a circular.  

Rupee declines by 15 paise:  

The rupee dropped by 15 paise to close at 73.83 against the US dollar on Monday as a stronger greenback against key rivals and rising crude oil prices weighed on investor sentiment, according to the PTI report.  

Besides, multiple bouts of volatility on domestic equities front and mixed cues from global financial markets put the rupee under pressure, analysts observed.   

Google slams EU regulators for ignoring Apple  

Alphabet unit Google on Monday blasted EU antitrust regulators for ignoring rival Apple as it launched a bid to get Europe`s second-highest court to annul a record 4.34-billion euro ($5.1 billion) fine related to its Android operating system, Reuters reported.  

Far from holding back rivals and harming users, Android has been a massive success story of competition at work, representatives of Google told a panel of five judges at the General Court at the start of a five-day hearing.  

Sebi moots increasing brokers’ net worth:  

SEBI on Monday proposed hiking the net worth requirement for trading members to at least Rs 1 crore in two years as well as the net worth thresholds for clearing members as part of efforts to mitigate possible risks amid increasing investor participation in the securities market.  

Apart from trading members, the watchdog has suggested increasing the net worth requirement in a phased manner for self-clearing members, professional clearing members and depository participants.  

Jobs in 9 sectors at 3.08 cr in April-June: Survey 

Employment in nine selected sectors, including construction, manufacturing and IT/BPO, was at 3.08 crore in the April-June quarter of 2021-22, reflecting a growth of 29 per cent compared to 2.37 crore reported in the Economic Census of 2013-14, according to a survey.

Labour and Employment Minister Bhupender Yadav on Monday released the report of Quarterly Employment Survey (QES) part (April to June 2021), of the All-India Quarterly Establishment-based Employment Survey (AQEES) prepared by the Labour Bureau.

FII & DII Data:  

Foreign portfolio investors (FPIs) remained net sellers for Rs 594.63 crore in the Indian markets, while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1397.69 crore, provisional data showed on the NSE.  

(With inputs from PTI, Reuters and other agencies)