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    SGX Nifty down 50 points; here's what changed for market while you were sleeping

    Synopsis

    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.

    market-shutterShutterstock.com
    Foreign portfolio investors net bought shares worth Rs 1,185 crore on Wednesday. DIIs too were net buyers at Rs 300.9 crore.
    Weakness in global markets dragged domestic indices down on Wednesday as the overhang of US debt ceiling negotiation influenced sentiments.

    "Domestic markets have taken pause with Nifty facing minor resistance at a higher level of 18400-450 zones. However, the overall positive structure remains intact, with a view of buy on dips," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

    Option data suggests an immediate trading range in between 18150 to 18400 zones.

    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 48.5 points, or 0.26 per cent, lower at 18,337.50, signaling that Dalal Street was headed for negative start on Thursday.

    • Tech View: For the traders now, 18350/62000 would act as an immediate resistance zone. Below the same, the weak sentiment is likely to continue. Below 18350/62000, the index could slip till 18220-18200/61700-61600. On the flip side, above 18350/62000, the index could retest the level of 18400-18425/62200-62350.
    • India VIX: India VIX, which is a measure of the fear in the markets, rose 4.03% to settle at 13.11 levels.

    US stocks dip
    Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal.

    Oil prices fall
    Oil prices fell in early Asian trading on Thursday after uncertainty that the United States will avoid a debt default weighed against the prospect of further OPEC+ production cuts.

    Brent crude futures slipped 5 cents, or 0.1%, to $78.31 a barrel by 0042 GMT. U.S. West Texas Intermediate crude (WTI) fell 16 cents, or 0.2%, to $74.18.

    Asian shares mixed
    More broadly across Asia, equities fluctuated, reflecting cross winds as investors weigh the risk of the US defaulting on its debt, the chances of another rate hike by the Federal Reserve, central bank meetings in Seoul and Jakarta, and signs of weakness in the Chinese economy.


    Stocks in F&O ban today
    1) Indiabulls Housing Finance

    2) Delta Corp

    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.

    FII/DII action
    Foreign portfolio investors net bought shares worth Rs 1,185 crore on Wednesday. DIIs too were net buyers at Rs 300.9 crore.

    Rupee
    The rupee appreciated by 15 paise to 82.70 against the US dollar on Wednesday, supported by foreign capital inflows.

    Corporate results
    Vodafone Idea, SAIL, Page Industries, Zee Entertainment and a slew of other companies will announce their quarterly results today.





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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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