Market Mover: Top 10 Things You Should Know Before Making an Opening Trade on Thursday

On Tuesday, selling pressure from domestic and foreign investors pushed down the benchmark index. The S & P BSE Sensex saw a cut of over 450 points, while the Nifty 50 fell below the 18300 level.

“The index plunged for the second straight day, closing at 18267, dropping nearly 1% and forming a bearish candle again on the daily chart,” said Rohit Single, senior technical analysts at LKP Securities. rice field.

He added: “If we can maintain the above levels, the index has reached a good support zone of 18200-18140. A strong hurdle has been formed near the 18350-18450 zone, and the new movement of the index is the 18450 zone. Can only be witnessed if maintained beyond. “

Keep an eye on to find out what could affect today’s transactions. We’ve collated a list of the top 10 newspoints that could impact the market, business, or economy.

Global market

Most stock indexes around the world rose on Wednesday, with the Dow Jones Industrial Average hitting a daytime high. This is because oil prices have skyrocketed, while more companies have reported higher returns than analysts expected.

The Dow Jones Industrial Average rose 152.03 points (0.43%) to 35,609.34, the S & P 500 rose 16.56 points (0.37%) to 4,536.19, and the Nasdaq Composite Index fell 7.41 points (0.05%) to 15,121.68. became.

The Pan-Europe STOXX 600 Index rose 0.32% and MSCI’s global equity gauge rose 0.38%.

In the US Treasury market, long-term yields rose due to sluggish 20-year bond auctions.

Asian market

The Nikkei 225 in Japan lost 0.14% to trade at 29,215.61 points and the Hang Seng Index lost 0.081% at 7:30 am on the IST, so it started trading on a negative base.

SGX Nifty

SGX Nifty is trading at the 18,340 level at 7:30 am on the IST.

EPFO will add a net subscriber of Rs 1481,000 in August

EPFO Net, a retirement fund organization, added 14.81 Rakı subscribers in August 2021. This reflects the upward trend in net salaries during the first five months of the year.

According to a statement from the Ministry of Labor, the Employee Provident Fund Organization (EPFO) provisional salary data released Wednesday highlights the addition of approximately Rs. 1481,000 net subscribers during August 2021.

He added that this data reflects an increasing trend in net salaries during the first five months of the current fiscal year.

RBI imposes a penalty of 1 rupee on Paytm Payments Bank

The Reserve Bank of India (RBI) imposes a penalty of 1 rupee on Paytm Payments Bank Limited (PPBL) for violating certain provisions of the direction contained in the Master Direction (MTSS Direction) for the remittance service scheme dated February. bottom. According to a media release issued by banking regulators on 22nd 2017.

The bank guard dog also fined the money transfer service Western Union Financial Services Inc. (WUFSI) for Rupee 27.78-a cross-border inbound service (customer to customer only) operator.

Rupee climbs 47 Paisa and closes highs for nearly two weeks

The rupee rose 47 Paisa to close at 74.88, a nearly two-week high against the dollar on Wednesday, supported by easing global oil prices and a growing desire for more risky assets. rice field. However, losses in the stock market put pressure on Rupee, a forex dealer told news agency PTI.

Oil prices fell 0.83 percent to $ 83.47 a barrel after reports that the Chinese government was planning steps to curb high coal prices and improve supply. Soaring oil prices have created concerns about inflationary pressures and high foreign exchange outflows from the country. This squeezed the local currency last week.

GJEPC expects gold imports to increase further

The Jewelery and Jewelery Export Promotion Council (GJEPC) said on Wednesday that national gold imports are expected to increase further in the coming months due to peak demand during the festival and wedding seasons. ..

Gold imports related to the current account deficit surged to about $ 24 billion from April to September 2021.

The council said imports have witnessed a fluctuating trend over the past six months, comparable to previous year’s statistics.

TRAI data about telecommunications subscribers

India’s largest carrier, Reliance Jio, gained 6.49 Rakı mobile users in August, leading the number of additional subscribers, according to TRAI data released Wednesday.

In contrast, Vodafone Idea lost 8.33 Rakı subscribers in August, with less than July.

Jio continued to outpace its rivals with an increase in subscribers, adding 6.49 Rakı wireless users in August as its mobile base swelled to Rs 4.438 billion. Sunil Mittal-led Bharti Airtel onboarded 1.38 Rakı users during the month, bringing the total number of wireless subscribers to 35.41 Chlore.

Farm retail inflation eased to 2.89% in September

Retail inflation for agricultural and rural workers eased to 2.89% and 3.16% in September, mainly due to lower prices for certain foods.

“Point-to-point inflation based on the CPI-AL (Consumer Price Index-Agricultural Workers) and CPI-RL (Consumer Price Index-Rural Workers) was 2.89 percent compared to 3.90 percent in September 2021. And 3.16 percent. In August 2021, cents and 3.97 percent, respectively. “

FII and DII data

As the interim data showed to the NSE, foreign portfolio investors (FPI) were net sellers of Rs 1843.09 in the Indian market and domestic institutional investors (DII) were net sellers of Rs 1680.73.

NSE F & O Banned Stocks

Ten stocks, Amara Raja, Escorts, Idea, IRCTC, L & T Finance, NALCO, PNB, SAIL, Sun TV and Tata Power, are F & O banned. Securities during the F & O segment ban include companies whose securities exceed 95% of the overall market position limit.

(Information provided by PTI, Reuters and other organizations)

(Disclaimer: The views / suggestions / advice presented here in this article are by investment experts only. ZeeBusiness advises readers to consult an investment adviser before making financial decisions. It is recommended.)

Market Mover: Top 10 Things You Should Know Before Making an Opening Trade on Thursday

Source link Market Mover: Top 10 Things You Should Know Before Making an Opening Trade on Thursday

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