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

The domestic equity market was headed for another positive opening on Tuesday, tracking solid gains in Asian peers. However, US stocks settled mixed in overnight trade over weak economic readings from China. The US dollar eased from its two decade highs, whereas crude eased further. Back home, all eyes will be set on LIC listing. Here's breaking down the pre-market actions:

STATE OF THE MARKETS

SGX Nifty signals positive start
Nifty futures on the Singapore Exchange traded 47.5 points, or 0.30 per cent, higher at 15,891, signaling that Dalal Street was headed for a positive start on Tuesday.

• Tech View: Nifty50 on Monday snapped a six-day losing streak but formed an indecisive Bullish Harami candle on the daily chart. Analysts said the recent selling pressure seems to have halted and that a close above the 15,900-16,000 level could send signs of a rebound ahead.
• India VIX: The fear gauge rallied more than 4 per cent to 24.53 level on Monday over its close at 23.71 level on Friday.

Asian shares trade higher
Major Asian stocks rose in morning trade on Tuesday despite Wall Street stocks finishing mostly lower on weak Chinese economic data. MSCI's index of Asia-Pacific shares outside Japan was up 1.01 per cent.

• Japan's Nikkei gained 0.22%
• Australia's ASX 200 jumped 0.23%
• South Korea's Kospi advanced 0.66%
• New Zealand's DJ dropped 0.49%
• China's Shanghai shed 0.23%
• Hong Kong's Hang Seng surged 1.65%

US stocks settle mixed
Stocks ended another wobbly day mostly lower on Wall Street Monday, extending a losing streak for markets. The S&P 500 couldn’t hold on to an afternoon gain and ended down 0.4%. The benchmark index is coming off a six-week losing streak.

• Dow Jones added 0.08% to 32,223.42
• S&P 500 slid 0.39% to 4,008.01
• Nasdaq dropped 1.20% to 11,662.79

Dollar knocked from 20-year high
The dollar fought for a footing on Tuesday and the tumbling Chinese yuan found a floor as investors trimmed bets on whether U.S. interest rate rises will drive further dollar gains.

• Dollar index dropped to 104.100
• Euro was rose to $1.0446
• Pound held steady to $1.2328
• Yen moved up to 129.115 per dollar
• Yuan exchanged hands at 6.7953 against the greenback

Oil prices open lower
Oil prices opened lower in early Asian trade on Tuesday after the European Union's efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary.

Brent crude futures fell 35 cents, or 0.3 per cent, to $113.89 a barrel at 0004 GMT, while US West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.5 per cent, to $113.68 a barrel.

FIIs sell shares worth Rs 1,789 cr
Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 1,788.93 crore, data available with NSE suggested. DIIs turned net buyers to the tune of Rs 1,428.39 crore, data suggests.

Q4 earnings today
Bharti Airtel, Indian Oil Corporation, DLF, PI Industries, Abbott India, GMR Infrastructure, Dr Lal Pathlabs, Kajaria Ceramics, IRB Infra Developers, Bajaj Electricals, Zydus Wellness, Galaxy Surfactants, EID Parry (India), Jubiant Ingrevia, Sapphire Foods India, EKI Energy Services and Minda Corp are among the companies which will announce their earnings today.

LIC listing today
Shares of Life Insurance Corporation of India (LIC), the state run insurance behemoth, will make its debut on the bourses today. The government of India sold its 3.5 per cent in the company in the range of Rs 902-949 apiece between May 4 to May 9 to raise Rs 20,557 crore through its initial offering.

Stocks in F&O ban today
Three stocks - GNFC, Indiabulls Housing Finance and Punjab National Bank - are under the F&O ban for Tuesday, May 17. 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.

MONEY MARKETS
Rupee: The spot currency market was shut on Monday. On Friday, the rupee pared its initial gains and settled 5 paise lower at its fresh lifetime low of 77.55 against the US dollar.

10-year bonds: India 10-year bond ralied about 1.02 per cent to 7.32 after trading in 7.29 - 7.34 range on Friday.

Call rates: The overnight call money rate weighted average stood at 4.06 per cent on Friday, according to RBI data. It moved in a range of 2.30-4.30 per cent.