Nifty today: SGX Nifty up 250 points; here’s what changed for market while you were sleeping – Blue Barrows

After a solid beatdown, Indian benchmark indices are set to open on a positive note on Tuesday, tracking global cues. US stocks posted their best daily performance since summers, whereas Asian peers, those open, were trading in the green. Crude rose ahead of the OPEC meeting, whereas the dollar was under some pressure. Back home, the initial public offering of Electronics Mart India will open for subscription today. Here’s breaking down the pre-market actions:


SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 247 points, or 1.46 per cent, per cent higher at 17,115.5, signaling that Dalal Street was headed for a positive start on Tuesday.

  • Tech View: Nifty established a bearish Harami candle on the daily charts as it closed below its 200-day moving average (DMA). For Nifty traders, analysts suggested, 17,050 would be the key resistance level.
  • India VIX: The fear gauge spiked wildly almost 7 per cent to 21.36 level on Monday over its close at 19.96 on Friday.

Asian stocks rise at open
Major Asian opened higher on Tuesday after Wall Street shares rebounded, with the rises coming despite a North Korean missile test shortly before the opening bell. MSCI’s index of Asia-Pacific shares outside Japan was trading 1.10 per cent higher.

  • Japan’s Nikkei advanced 2.29%
  • Australia’s ASX 200 gained 2.39%
  • New Zealand’s DJ jumped 1.16%
  • South Korea’s Kospi rallied 1.93%

US stocks rally sharply
Wall Street’s three major indexes rallied to close over 2 per cent on Monday as US Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks at the start of the year’s final quarter. Wall Street soared to its best day in months.

  • Dow Jones surged 2.66% to 29,490.89
  • S&P 500 gained 2.59% to 3,678.43
  • Nasdaq rallied 2.27% at 10,815.43

Sterling stands tall after UK policy U-turn
Sterling rose to a fresh post-budget high on Tuesday in Asia, weighing on the broader US dollar index, as the UK currency extended its recovery a day after the British government capitulated on tax cuts.

  • Dollar index moved to 111.63
  • Euro edged higher to $0.9827
  • Pound was little changed to $1.13265
  • Yen was struggling at 144.64 per dollar
  • Yuan exchanged hands at 7.1160 against the greenback

Oil prices move up ahead of OPEC meet
Oil prices inched higher in early Asian trade on Tuesday, on expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday but concerns about the global economy capped gains.

Brent crude futures rose 43 cents, or 0.5 per cent, to $89.29 per barrel by 0108 GMT. US crude futures rose by 22 cents, or 0.3 per cent, to $83.85 a barrel.

FIIs buy shares worth Rs 591 cr
Net-net, foreign portfolio investors (FPIs) turned buyers of domestic stocks to the tune of Rs 590.58 crore, data available with NSE suggested. However, DIIs turned net sellers to the tune of Rs 423.16 crore, data suggests.

Stocks under F&O ban
No stocks are under the F&O ban for Tuesday, October 4. 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.

Electronics Mart India IPO to open today
The Rs 500-crore initial public offering (IPO) of Electronics Mart India opens for subscription on Tuesday. October 4. The consumer durables and electronics retailer has fixed the price band at Rs 56-59 per share. The issue can be subscribed till October 7.

India’s exports dip 3.53% to $32.62 bn in Sept
A decline in exports in sectors such as engineering, ready-made garments of all textiles and rice led to a contraction in the country’s overall outbound shipments by 3.52 per cent to $32.62 billion in September, while the trade deficit widened to $26.72 billion, according to the preliminary data released by the commerce ministry.


Rupee: The rupee fell by 42 paise to close at 81.82 against the US dollar on Monday, snapping its two-session gaining streak as heavy selling in domestic equities and a spike in crude oil prices weighed on the local unit.

10-year bonds: India 10-year bond spiked 0.95 per cent to 7.46 after trading in 7.40 – 7.47 range on Monday.

Call rates: The overnight call money rate weighted average stood at 5.55 per cent on Friday, according to RBI data. It moved in a range of 3.80-5.75 per cent.