SGX Nifty down 40 points; here’s what changed for market while you were sleeping

Here’s breaking down the pre-market actions:

STATE OF THE MARKETS


SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 43.5 points, or 0.25 per cent lower at 17,184.50, signaling that Dalal Street was headed for a negative start on Tuesday.

• Tech View: With Nifty 50 starting the week on a negative note, the short-term trend is negative, and analysts believe that a decisive close below 17000 points could trigger selling pressure. Options data also suggests the same as 17000 strike price put option has the highest open interest.

• India VIX: The fear gauge rose 4.3 per cent to 19.6225 points on Monday, indicating the risk aversion among investors amid the renewed concerns over aggressive rate hikes in the US and growth slowdown in major economies.

Asian
stocks decline

Shares declined in Asia following a fourth straight drop in US equities amid persistent concern that rising interest rates and geopolitical threats will crimp global growth.

• Japan’s Topix index dropped 1.4%
• South Korea’s Kospi index declined 2%
• Hong Kong’s Hang Seng Index lost 0.9%
• China’s Shanghai Composite Index climbed 0.1%

US stocks

U.S. stocks fell on Monday, with the Nasdaq posting its lowest close since July 2020, as investors worried about the impact of higher interest rates and pulled out of chipmakers after the United States announced restrictions aimed at hobbling China’s semiconductor industry.

• Dow Jones slipped 0.32% to 29,202.88
• S&P 500 lost 0.75% to 3,612.39
• Nasdaq tumbled 1.04% at 10,542.10

Dollar gains, yen flirts with intervention levels
The dollar loomed large over fragile financial markets on Tuesday, with worries about rising interest rates, global growth and geopolitical tensions unsettling investors, while the yen was testing levels that have prompted official intervention.

Oil prices slide as dollar strengthens
Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China increased fears of slowing global demand.

FII action

Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 2,139 crore on Monday, provisional data available with NSE suggested. However, DIIs turned net buyers to the tune of Rs 2137.46 crore, data suggests.

Stocks in F&O ban today

and are under the F&O ban for Tuesday, October 11. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 per cent of the market-wide position limit.

Rupee ends at record low
The rupee hit a fresh record low against the US dollar on Monday as a robust jobs report in the US for September strengthened expectations of further aggressive rate hikes by the Federal Reserve. However, the Indian unit managed to trim losses and end almost unchanged from the previous close. The rupee settled at 82.3200 a dollar after hitting a lifetime low of 82.6775 during the day.

Earnings on Tuesday

Six companies are scheduled to report earnings for the quarter ended September.

and GM Breweries are among the major ones.