Buying spree from domestic investors pushed benchmark indices higher on Tuesday. The S&P BSE Sensex gained almost 500 points while the Nifty50 ended above 17800-level. 

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Out of 50 scrips on Nifty50, 29 advanced, 20 declined one remained unchanged at the market close today. Public sector unit stock such as ONGC gained most by around 11 per cent, followed by IndusInd Bank grew by over 5 per cent, Coal India surged over 4 per cent and IOC up over 3 per cent. 

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On the contrary, Cipla and Hindalco declined by over 2 per cent, while Shree Cement, Sun Pharma and Tata Consumers slumped by over 1 per cent in an otherwise positive market. 

“The Nifty formed a base there in the first half of the session & took a leap thereon in the second half, Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas said. “On the way up, the index crossed 61.8 per cent retracement of the last week’s decline & reached near the 78.6 per cent retracement mark i.e. 17840. So that is an immediate resistance to watch out for.” 

“Overall structure shows that the Nifty is still in a short-term consolidation phase & is heading towards the upper end of the range i.e. 17950 where it is likely to witness selling pressure. On the downside, 17700-17640 will act as a near term support zone,” Ratnaparkhi added 

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 economy:   

Global Markets: 

Global equity markets rallied on Tuesday as U.S. and European tech stocks rebounded and the dollar strengthened ahead of U.S. payrolls data on Friday that could reveal the Federal Reserve`s next move on tapering its support to the economy, Reuters reported.

Most major U.S. and European stock indices rose more than 1%, while yields on the 10-year U.S. Treasury note, a touchstone for investor sentiment, edged above 1.5%. Another jump in crude oil futures fueled inflation fears, the report said.

Investors are focused on Friday, when the U.S. unemployment report for September may determine when the Fed proceeds with plans to begin tapering $120 billion a month of bond purchases.

European stocks closed up 1.17% as rising bank shares and encouraging results from chipmaker Infineon calmed nerves following a tech-fueled sell-off on Wall Street on Monday.

The European tech sector jumped 2.2%, breaking a seven-session losing streak in which it fell 11.7%. European bank stocks rose 3.5% to more than a 1-1/2 year high.

On Wall Street, the Dow Jones Industrial Average rose 0.92%, the S&P 500 gained 1.05% and the Nasdaq Composite added 1.25%.

Asian Markets: 

Among the Asian markets, Nikkei225 was trading at 27,602.50, down by 219.62 points or 0.79 per cent. Meanwhile, Hang Seng was down 315 points or over 1.3 per cent and was trading at 23,788.90. Kospi was trading at 2,935.94, also down 26.23 or 0.89 per cent.

SGX Nifty: 

SGX Nifty was trading with a negative bias and was trading at 17,803.50, down by over 46 points or 0.26 per cent from the previous closing price on Tuesday. 

Sebi tweaks norms for REITs, InvITs 

Markets regulator Sebi has tweaked regulations for REITs and InvITs regulations with respect to exit option for dissenting unit holders in various scenarios, including acquisition and change in sponsors. 

Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are emerging investment vehicles. 

The exit option for dissenting unit holders would be available in case of an acquisition, change in sponsor, inducted sponsor or change in control of sponsor or inducted sponsor is triggered pursuant to an open offer. 

Govt gets Rs 2,800 cr dividend from CIL, ONGC in FY22 

The government has received over Rs 2,800 crore as dividend from Coal India and ONGC this fiscal year (FY), DIPAM secretary said on Tuesday. 

"Government of India has respectively received about Rs 1426 cr from Coal India Ltd and Rs 1406 cr from ONGC as dividend in this FY recently," DIPAM Secretary Tuhin Kanta Pandey tweeted. 

As per the Department of Investment and Public Asset Management (DIPAM) website, so far in the current financial year (April-March), the government has received Rs 4,576 crore as dividend from CPSEs. 

Rupee slumps 13 paise: 

The rupee fell 13 paise to close at 74.44 (provisional) against the US dollar on Tuesday weighed down by the strengthening of the greenback in the overseas market and rising crude oil prices. 

At the interbank foreign exchange market, the local currency opened on a weak note and witnessed an intra-day high of 74.41 and a low of 74.63 against the US dollar in day trade. 

The local unit finally settled at 74.44 a dollar, down 13 paise over its previous close. On Monday, the rupee had settled at 74.31 against the US dollar. 

India's sugar export hits record 7.23 MT in 2020-21 

Sugar mills exported an estimated record 7.23 million tonne in the 2020-21 marketing year that ended September 30, with maximum shipments to Indonesia, trade body AISTA said on Tuesday. 

Of the total shipment, 7.06 million tonne of sugar has been exported, while about 1,66,335 tonne is under loading in the 2020-21 marketing year (October to September), it said. 

According to All India Sugar Trade Association (AISTA), about 6 million tonne of sugar was exported with government subsidy and 7.85 lakh tonne without subsidy in the 2020-21 marketing year. 

Oil climbs 2%, hits multi-year highs 

Oil prices jumped 2% on Tuesday, with U.S. crude hitting its highest since 2014 and Brent futures climbing to a three-year high, after the OPEC+ group of producers stuck to its planned output increase rather than raising it further. 

U.S. West Texas Intermediate (WTI) oil was up $1.45, or 1.9%, at $79.07 a barrel at 12:50 p.m. EDT (1650 GMT). During the session it surged as high as $79.48, the most in nearly seven years. Brent crude was up $1.55, or 1.9%, to $82.81. Earlier, it hit a three-year high of $83.13. 

PE inflows plunge 30% in Q3 to $17 bn: Report 

Private equity inflows in the third quarter of 2021 fell by a massive 30 per cent to USD 16.91 billion from USD 23.95 billion a year ago, but almost doubled sequentially from USD 8.5 billion, shows an industry report. 

The massive decline is despite a huge jump in volumes in Q3 at 457 deals involving 537 companies as against just 231 deals across 282 companies, shows the data collated by Refinitiv, an LSG Group entity that's a leading supplier of financial markets data and insights. 

Moody’s upgrades India outlook to stable from negative 

Ratings agency Moody`s Investors Service on Tuesday upgraded its outlook on India to stable from negative, saying downside risks in Asia`s third largest economy and its financial institutions have reduced. 

Moody`s affirmed India`s sovereign credit rating at Baa3. 

"The decision to change the outlook to stable reflects Moody`s view that the downside risks from negative feedback between the real economy and financial system are receding," the agency said in a note. 

FII & DII Data: 

Foreign portfolio investors (FPIs) remained net sellers for Rs 1915.08 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1868.23 crore, provisional data showed on the NSE. 

Stocks under F&O ban on NSE   

One stock – National Aluminium Company placed under the F&O ban. 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.)