SGX Nifty down 40 points; here's what changed for market while you were sleeping

Domestic indices bounced back on Monday following its global peers after the US reported strong jobs data.

"For the week, we expect the market to continue with its positive structure dictated by corporate earnings and consistent buying by FIIs," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Investors would keep an eye on key economic data such as inflation data of India, the US and China along with UK GDP data and BoE interest rate during the week.

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 38.5 points, or 0.21 per cent, lower at 18,311.50, signaling that Dalal Street was headed for negative start on Tuesday.

• Tech View: Nifty has gone beyond the high point it had reached in the previous week, and the strong buying has led to a shift in the base level from 18000 to 18200. The current situation suggests that the index is still in buy mode, and it will remain so as long as it manages to hold on to the support of 18200.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 2.77% to settle at 12.64 levels.

US stocks mixed
U.S. stocks paused on Monday after a strong rally in the prior session as investors shift focus to a key inflation reading later this week.

Asian shares mixed
Stocks in Asia were mixed in early trading as investors awaited trade data from China that will provide further signs on the country’s economic recovery.

Oil prices dip
Oil prices fell in early trade on Tuesday, paring strong gains from the previous two sessions as markets remain cautious ahead of U.S. inflation figures for April which will be key to the Federal Reserve's next interest rate decision.

Dollar edges up
The dollar inched higher on Tuesday after a loans survey revealed that credit conditions in the United States were less gloomy than expected, while the pound flirted with a one-year peak ahead of this week's Bank of England policy meeting.


Stocks in F&O ban today

1) Manappuram Finance

2) BHEL

3) GNFC

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 continue to remain net buyers, investing Rs 2,123 crore in Indian equities on Monday. DIIs on the other hand bought shares worth Rs 245 crore on May 8.

Rupee
The rupee pared initial gains to settle flat at 81.78 against the US dollar on Monday amid a recovery in crude oil prices.

Corporate results
Lupin, Apollo Tyres, Westlife Foodworld, Raymond, Nazara Tech and a slew of other companies will announce their quarterly results today.