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    SGX Nifty up 70 points; here's what changed for market while you were sleeping

    Synopsis

    Nifty futures on the Singapore Exchange traded 72 points, or 0.39 per cent, lower at 18,498, signaling that Dalal Street was headed for a positive start on Wednesday.

    markets-shutterShutterstock.com
    The rupee settled at 82.7550 a dollar compared to 82.7050 a dollar in the previous session.
    The key domestic equities may open higher on Wednesday. Analysts expect buying at lower levels to kick in just as it happened in the previous session. Here's breaking down the pre-market actions:


    STATE OF THE MARKETS

    SGX Nifty signals a positive start
    Nifty futures on the Singapore Exchange traded 72 points, or 0.39 per cent, lower at 18,498, signaling that Dalal Street was headed for a positive start on Wednesday.

    • Tech View: Nifty 50 has formed a small bullish candle with a long lower shadow on the daily charts. The short-term trend will likely remain bullish until the index sustains above 18350 on a closing basis. On the lower end, support is pegged at 18350-18150.

    • India VIX: Weakness in the market saw the volatility gauge rebound on Tuesday and end 1.7% higher at 13.78 points.

    Wall Street closes slightly higher after four-day sell off
    Wall Street closed slightly higher on Tuesday after four sessions of declines, but investors fretted about weak holiday shopping and rising bond yields added pressure after the Bank of Japan's (BoJ) surprise tweak of monetary policy.

    • Dow up 0.28%,
    • S&P rises 0.10%,
    • Nasdaq gains 0.01%

    Asian stocks mixed
    Equities in Asia were mixed Wednesday as investors approach the end of one of the worst years for stocks and bonds in more than a decade. The yen held gains while Japan’s two-year government yield rose above zero for the first time since 2015.

    • S&P 500 futures rose 0.3% as of 9:52 a.m. Tokyo time. The S&P 500 rose 0.1%
    • Nasdaq 100 futures rose 0.4%. The Nasdaq 100 fell 0.1%
    • Hang Seng futures rose 0.1%
    • Japan’s Topix fell 0.7%
    • Australia’s S&P/ASX 200 rose 1.4%
    • Euro Stoxx 50 futures rose 0.4%

    Oil prices up
    Oil prices rose in early Asian trade on Wednesday as U.S. crude stocks were seen falling last week, while the dollar weakened, making oil less expensive for non-American buyers.

    Brent crude futures rose 8 cents to $80.07 per barrel by 0126 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 6 cents to $76.29.

    Yen eases
    The yen hovered around a four-month high against the dollar on Wednesday as traders contemplated the shock move by the Bank of Japan to adjust its bond yield control programme and potentially open the door to move away from its ultra-easy monetary policy.

    FII/DII action
    Foreign portfolio investors (FPIs) on Tuesday net bought shares worth Rs 456 crore, provisional data showed. DIIs net bought shares to the tune of Rs 495 crore.

    Stocks in F&O ban today
    Delta Corp, Indiabulls Housing Finance, Gujarat National Fertilizers. Indian Railway Catering and Tourism Corp, and Punjab National Bank. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

    Rupee: After falling sharply during the day, the rupee pared losses and ended steady against the dollar on Tuesday. The rupee settled at 82.7550 a dollar compared to 82.7050 a dollar in the previous session.


    (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)




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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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