Domestic Bonds

Nifty today: SGX Nifty up 80 points; here’s what changed for the market while you were sleeping


Domestic stocks are expected to have a positive start to Tuesday’s session, following the overnight rise in US stocks. Asian markets were mostly mixed at the start of trading as the dollar languished in a narrow trading range. Back home, all eyes were on Supriya Lifescience’s list. Here is the detail of the actions prior to marketing:

STATE OF THE MARKETS


SGX Nifty signs a positive start
Shrewd futures on the Singapore Stock Exchange traded 80.5 points, or 0.47%, up to 17,186.50, signaling that Dalal Street was heading for a positive start on Tuesday.

  • Technical view: Nifty50 formed a bullish candle on the daily chart on Monday. The index sent a buy signal on the MACD momentum indicator, with analysts suggesting that levels of 17,350 to 17,450 cannot be ruled out in the coming days.

  • India VIX: The fear gauge jumped 6 percent to the 17.12 level on Monday from its close at 16.15 on Friday.

Asian stocks mixed in early trade
Asian stocks opened mixed on Tuesday, with markets like Japan and Korea rising following overnight gains on Wall Street, but mainland China and Hong Kong stocks mostly trading flat to begin with. Exchanges. The MSCI Asia-Pacific ex-Japan equity index was also almost stable.

  • The Japanese Nikkei added 0.40%
  • South Korean Kospi gains 0.13%
  • China’s Shanghai Comp fell 0.07%
  • Hong Kong’s Hang Seng fell 0.30%

S & P500 hits new record
Wall Street made steady gains on Monday, enough to set a new record for the S&P 500 Index. Trading was muted as investors returned from the Christmas holidays and several foreign markets remained closed.

  • The Dow Jones rose 1% to 36,302.38.
  • The S&P 500 rose 1.4% to 4,791.19
  • The Nasdaq rose 1.4% to 15,871.26.

Dollar languishes as Omicron worries about ebb The US dollar, also seen as a safe haven, continued to languish down its recent trading range against a basket of peers, even after a hawkish tilt to the Federal Reserve which made policymakers report three quarter point interest rates increases next year.

  • The dollar index was little changed at 96,076
  • Euro consolidates close to $ 1.13255
  • Pound nears one-month high at $ 1.3445
  • Yen to hit one-month low at 114.935 per dollar
  • Yuan at 6.37 against the greenback

REITs sell shares worth Rs 1,038 crore
Net-net, foreign portfolio investors (REITs) turned sellers of domestic stocks to the tune of Rs 1,038.25 crore, according to data available from NSE. The DII were net buyers to the tune of Rs 955.75 crore, the data suggests.

Supriya Lifescience debuts in the market
Supriya Lifescience, a stock maker of active pharmaceutical ingredients, will go public on Tuesday. Dealers active in the unofficial unlisted equity market said shares of Supriya Lifescience were previously trading at a premium of Rs 137-150.

MONETARY MARKETS

Rupee: Up for the eighth consecutive session, the rupee appreciated 3 paise on Monday to reach a nearly four-week high at 75 against the US dollar amid a strong trend in domestic stocks and growing appetite for assets more risky.

10-year bonds: The 10-year Indian bond rose 0.05% to 6.465 after trading in a range of 6.447 to 6.470 on Monday.