SGX Nifty down 55 points; here's what changed for market while you were sleeping

Domestic equities markets are likely to open in red on Thursday tracking the jittered sentiments in the global peers. Fueled by inflationary worries and mounting concerns in the crypto space, traders are off to a cautious stance. 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 56.5 points, or 0.31 per cent, per cent lower at 18,137, signaling that Dalal Street was headed for a negative start on Thursday.

• Tech View: After making higher highs for the last three trading sessions, Nifty on Wednesday formed a long bear candle, indicating the inability of bulls to sustain the highs.
• India VIX: The fear gauge jumped more than 2 per cent to 15.92 level on Wednesday over its close at 15.58 on Monday.

Asian stocks fall in the early trade
Asian share markets were tense on Thursday and the dollar held on to its overnight gains before the big test of a US consumer inflation report, while market sentiment took a dive as the likely collapse of a major crypto exchange spooked investors. MSCI's index of Asia-Pacific shares outside Japan was trading 0.97% lower

• Japan's Nikkei dropped 1.17%
• Australia's ASX 200 shed 0.30%
• New Zealand's DJ declined 1.24%
• South Korea's Kospi tanked 0.37%
• China's Shanghai tumbled 0.66%
• Hong Kong's Hang Seng fell 2.36%

US stocks drop sharply
Wall Street ended sharply lower on Wednesday as Republican gains in midterm elections appeared more modest than some expected, with investors also focusing on upcoming inflation data that will provide clues about the severity of future interest rate hikes.

• Dow Jones tanked 1.95% to 32,513.94
• S&P 500 tumbled 2.08% to 3,748.57
• Nasdaq plunged 2.48% to 10,353.17

Dollar advanced ahead of inflation data
The dollar regained its footing on Thursday ahead of key US inflation data due later in the day. The greenback surged overnight against its peers and held to those gains in early Asia trade.

• Dollar index was firm at 110.30
• Euro was bought at $1.0016
• Pound slid down to $1.1360
• Yen was struggling at 146.28 per dollar
• Yuan exchanged hands at 7.2634 against the greenback

Crude falls for fourth day
Oil prices fell for a fourth day on Thursday on concerns that new COVID curbs in China, the world's biggest crude importer, will impact fuel demand.

Brent crude futures fell 34 cents, or 0.4%, to $92.31 a barrel at 0115 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents at $85.52 a barrel.

FII/DII action
Foreign portfolio investors (FPIs) net bought stocks worth Rs 386.83 crore on Monday, provisional data showed. DIIs net sold shares to the tune of Rs 1,060.12 crore.

Stocks in F&O ban today
Only on stock- Punjab National Bank- is in the ban period under the F&O segment for Thursday, November 10, including companies in which the security has crossed 95% of the market-wide position limit.

Rupee: The rupee appreciated by 45 paise to close at 81.47 against the US dollar on Wednesday amid fall in crude oil prices, dollar weakness and sustained foreign fund inflows.

Earnings today
Adani Green Energy, Eicher Motors, Apollo Hospital Enterprises, Page Industries, Zomato, Trent, Jindal Steel & Power, Indian Hotels Company, Container Corporation of India, Samvardhana Motherson International, NHPC, Steel Authority of India and Gujarat Gas are among the companies that will announce their results for September 2022 quarter today.

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