The Indian markets ended the day’s session on a negative note on Wednesday with the S&P BSE Sensex and the Nifty holding the key levels of 60350 and 18000, respectively.  
Rohit Singre, Senior Technical Analyst at LKP Securities said, “Index opened a day with a gap down but at the end, the index managed to close a day again above the 18000-mark with mild loss. The index has formed a support zone around 17970-17920 zone.”  

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If the index managed to hold the above-said levels, it may see some swift bounce incoming session but if it failed to hold then more decline is possible towards the 17700-17600 zone, Singre added.  

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The analyst said, “These levels at downside are supports for the index and good hurdle for the Nifty is formed near 18100-18200 zone overall range is still in coming in between 17600-18300 zone."  

Stay tuned to Zeebiz.com to find out what could impact your trade today. We have collated a list of top 10 news points which could impact markets, companies, or the economy:    

Global Markets:  

Amid profit booking, Wall Street Indices closed in the red for the second day in a row. Dow Jones corrected 0.66%, Nasdaq 1.66% and S&P 500 declined 0.82 % on Wednesday closing. The indices closed with loss of 240 points to 36,079; 264 points to 15,623 and 39 points to 4,647 respectively on Wednesday.  

Asian Markets:  

The Asian markets were trading mixed in the early trade on Thursday. Nikkei 225 index was trading with gains of 67 points to 29,174, Hang Sang Index, on the other hand, was down 140 points or 0.56% to 24,856 and Shanghai Composite alos traded in negative with weakness of marginal 6 points to 3,486. 

SGX Nifty:  

At 7:10 am, SGX Nifty Futures was trading with loss of 53.50 points or 0.30% loss to 17,962.00, hinting at weak opening for the Indian markets on Thursday  

Oil prices steady ahead of U.S. inventory report   

Oil prices were broadly steady after earlier losses on Wednesday, as a potential drop in U.S. crude stocks and tighter supplies lent support.  

Brent crude futures were at $84.91 a barrel by 1439 GMT, up 13 cents, or 0.2%. U.S. West Texas Intermediate (WTI) crude futures fell by 5 cents, or 0.1%, to $84.10.  

Market sources said that API data showed U.S. crude stocks declined by 2.5 million barrels for the week to Nov. 5, defying analysts` estimates for a 2.1 million build in crude stocks in a Reuters poll.  

"After the strong rally over the last few days, oil prices are in a wait and see mode," said UBS analyst Giovanni Staunovo.   

Equity MFs log Rs 5,215-cr inflow in Oct on positive sentiments  

Positive sentiments and rallies in the equity markets helped equity-oriented mutual funds to attract Rs 5,215 crore in October, making it the eighth consecutive monthly net infusion.  

However, the quantum of net inflows dropped from September, when it attracted Rs 8,677 crore, data with the Association of Mutual Funds in India (Amfi) showed on Wednesday.   

"This decline could be a result of investors booking profits with markets trading near all-time highs.  

"Also, many investors would have chosen to stay on the sidelines given higher valuations. This is evident as the fund mobilised fell from Rs 36,656 crore in September to Rs 28,671 crore in October," said Himanshu Srivastava, Associate Director - Manager Research, Morningstar India.  

Rupee slumps 32 paise   

The rupee tumbled by 32 paise to end at 74.37 against the U.S. currency on Wednesday, weighed down by a muted trend in domestic equities and strength of the American currency in the overseas market.  

At the interbank foreign exchange market, the local currency opened at 74.11 and witnessed a high of 74.06 and a low of 74.42 against the U.S. dollar in the day trade.  

The local unit finally settled at 74.37 a dollar, down 32 paise over its previous close. On Tuesday, the rupee had settled at 74.05 against the U.S. dollar.   

India's largest IPO: Paytm oversubscribed 1.89x on last day  

Paytm's Rs 18,300 crore IPO was oversubscribed 1.89 times on the last day of India's biggest share sale on Wednesday, making it one of the country's most valued companies.  

The initial public offering of Paytm's parent company One97 Communications Ltd received bids for 9.14 crore equity shares against the offer size of 4.83 crore shares, according to information available from stock exchanges.  

While the portion set aside for retail investors was oversubscribed early, institutional buyers including FIIs flooded the share sale with offers on Wednesday, seeking 2.79 times the number of shares reserved for them.  

FM to hold meeting with CMs on Nov 15   

Union Finance Minister Nirmala Sitharaman will hold a meeting with Chief Ministers and Finance Ministers of all states and Administrators of Union Territories on November 15 on stepping up investment, infrastructure and growth in the country as the economy has been on a growth path, post the COVID-19 second wave.  

The conference will be held in virtual mode from 3 PM to 6 PM on November 15.  

"It is reassuring to note that the economy has been growing significantly since the second wave of pandemic and there are signs of substantial activity across all sectors," Sitharaman said in a letter to the Chief Ministers and Administrators.  

Sebi keeping close tab on international developments on ESG ratings   

Markets regulator Sebi is keenly watching international developments on environment sustainability and governance (ESG) ratings as well as data providers and will take a call on the issue at relevant time, its chief Ajay Tyagi said on Wednesday.  

Also, he said BRSR or Business Responsibility and Sustainability Report has raised the game in sustainability disclosures. The regulator will keep a close watch on how companies respond to this.  

Globally, the ESG taxonomy and industry is still evolving. ESG ratings and providers are generally not regulated in any jurisdiction.   

Tyagi said international forum for securities regulators International Organization of Securities Commissions (IOSCO) is in the process of publishing its report on 'ESG Ratings and ESG Data Providers', which would include recommendations on ESG ratings and ESG data providers along with regulatory and supervisory approaches with respect to same.  

FII & DII Data:  

Foreign portfolio investors (FPIs) remained net sellers for Rs 469.5 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 766.95 crore, provisional data showed on the NSE.  

Stocks under F&O ban on NSE    

Seven stocks: Punjab National Bank, Sun TV, Bank of Baroda, BHEL, Indiabulls Housing Finance, SAIL and Escorts have been placed under the F&O ban on Monday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.  

(With inputs from PTI, Reuters and other agencies)  

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)