SGX Nifty up 45 points; here's what changed for market while you were sleeping

After a day's hiatus, domestic equities markets are set to open on a positive note on Wednesday, tracking the firm cues from Asian and US markets ahead of the outcome of US midterm elections. 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 46.5 points, or 0.25 per cent, per cent higher at 18,394, signaling that Dalal Street was headed for a positive start on Wednesday.

• Tech View: Headline equity index Nifty on Monday formed a Doji-type candlestick on the daily charts as it ended the session 0.47% higher and above the 18,200 mark. With an upper and long lower shadow, charts indicate indecisiveness between bulls and bears.
• India VIX: The fear gauge jumped about half a per cent to 15.58 level on Monday over its close at 15.65 on Friday.

Asian stocks gain in the early trade
Major stocks opened higher on Wednesday with investors encouraged to buy after rallies on Wall Street as the US midterm elections dominate attention. MSCI's index of Asia-Pacific shares outside Japan was trading 0.61% higher.

• Japan's Nikkei dropped 0.29%
• Australia's ASX 200 gained 0.70%
• New Zealand's DJ added 0.34%
• South Korea's Kospi surged 0.90%
• China's Shanghai rose 0.05%
• Hong Kong's Hang Seng rally 0.33%

US stocks rally Tuesday
US stocks gyrated to a higher close on Tuesday, and Treasury yields edged lower as Americans went to the polls and market participants bided their time waiting to see whether Capitol Hill is in for a power shift.

• Dow Jones jumped 1.02% to 33,160.83
• S&P 500 soared 0.56% to 3,828.11
• Nasdaq advanced 0.49% to 10,616.20

Dollar wobbles while investors await midterms
The dollar wavered on Wednesday, as traders awaited results from U.S. midterm elections and inflation data that could disappoint hopes for a slowdown in rate hikes. The greenback has been under downward pressure from bets on the Federal Reserve easing back on interest rate rises and on China reopening and driving growth.

• Dollar index was down at 109.73
• Euro was bought at $1.1006
• Pound edged higher to $1.1539
• Yen was struggling at 145.20 per dollar
• Yuan exchanged hands at 7.2422 against the greenback

Crude steady after a fall
Oil prices were mostly unchanged in early trade on Wednesday, after sliding 3% in the previous session on worries about demand stalling on potential new lockdowns in top oil importer China as COVID-19 cases rebound.

Brent crude futures rose 2 cents to $95.38 a barrel by 0126 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 4 cents to $88.87 a barrel.

FII/DII action
Foreign portfolio investors (FPIs) net bought stocks worth Rs 1,948.51 crore on Monday, provisional data showed. DIIs net sold shares to the tune of Rs 844.20 crore.

Stocks in F&O ban today
No stocks in the ban period under the F&O segment for Wednesday, November 9, including companies in which the security has crossed 95% of the market-wide position limit.

Rupee: The rupee appreciated by 43 paise to close at 81.92 against the US dollar on Monday amid a weak greenback overseas and sustained foreign fund inflows.

Earnings today
Tata Motors, Pidilite Industries, Procter & Gamble Hygiene & Health, Star Health and Allied Insurance Company, Godrej Properties, Deepak Nitrite, 3M India, General Insurance Company, Bayer Enterprises, Prestige Estate Projects and Piramal Enterprises are among the companies that will announce their results for September 2022 quarter today.

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