SGX Nifty down 45 points; here’s what changed for market while you were sleeping

STATE OF THE MARKETS


SGX Nifty signals negative start
Nifty futures on the Singapore Exchange traded 44 points, or 0.25 per cent, lower at 17,285, signaling that Dalal Street was headed for a negative start on Monday.

• Tech View: Nifty50 on Wednesday fell for the third straight session and in the process formed a bearish candle on the daily chart with an upper wick, suggesting some selling at highs. On the weekly scale, Nifty formed an Evening Doji Star-like candle, said analysts, who believe the index could be in for some more pain.
• India VIX: The fear gauge dropped more than 2 per cent to 17.78 level on Wednesday over its close at 18.16 on Tuesday.

Asian shares trade lower
Asian shares were trading mostly lower as the markets opened cautious, with few clues for the market following a holiday on Wall Street. MSCI’s index of Asia-Pacific shares outside Japan was down by 0.36 per cent.

• Japan’s Nikkei tanked 2.13%
• New Zealand’s DJ added 0.02%
• South Korea’s Kospi shed 0.08%
• China’s Shanghai dropped 0.88%

US stocks settle lower
Wall Street stocks finished lower while bond yields and the dollar rose on Thursday as investors worried about the potential for aggressive U.S. policy tightening as other central banks around the world moved to reduce support.

• Dow Jones shed 0.33% to 34,451.23
• S&P 500 plunged 1,21% to 4,392.59
• Nasdaq tumbled 2.14% to 13,351.08

Oil prices rise
Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.

Brent futures were up $1.50, or 1.3 per cent, at $113.20 a barrel, and US West Texas Intermediate futures rose 98 cents, or 0.9 per cnet, to $107.93 a barrel.

FIIs sell shares worth Rs 2,061 cr
Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 2,061.04 crore, data available with NSE suggested. DIIs turned net buyers to the tune of Rs 1,410.85 crore, data suggests. FPIs have pulled out a net sum of Rs 4,518 crore from Indian equities during the holiday shortened April 11-13 week.

Q4 earnings today
MindTree, Mishtann Foods, Sheetal Cool Products, Swiss Military Consumer Goods, Star Housing Finance, DRC Systems India, SM Gold and SE Power and Earum Pharmaceuticals are the companies that will announce their March quarter results today.

Stocks in F&O ban today
Only one stock- RBL Bank- is under the F&O ban for Monday. 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: Sliding for the second straight session, the rupee dipped 4 paise to close at 76.19 against the US dollar on Wednesday, tracking a firm greenback overseas and weak domestic macroeconomic data.

10-year bonds: India 10-year bond spiked 0.36 per cent to 7.22 after trading in 7.21 – 7.28 range on Wednesday.

Call rates: The overnight call money rate weighted average stood at 3.44 per cent on Wednesday, according to RBI data. It moved in a range of 2.20-3.80 per cent.