Nifty today: SGX Nifty down 70 points; Here’s What Has Changed For The Market While You’re Sleeping

Domestic stocks could open with a negative bias following their Asian peers as news of growing unrest in China over Covid restrictions hit sentiment. Global markets will continue to provide signals for stocks in early trading.

This is breaking market money act:


Convenient SGX signal a negative start
Convenience futures on the Singapore Exchange traded 70.5 points, or 0.38%, lower at 18,590.50, signaling that Dalal Street will have a negative start to Monday.

  • Technology view: The technical charts show an uptrend towards the Nifty 50. The index must hold above the 18500 level for a move to the 18600-18880 zones, while key support is seen at the 18200 level.
  • India VIX: The volatility index ended lower on Friday amid a positive trend in the market. The index closed down 1% to 13.33 points.

US stocks Mix
Nasdaq closed lower on Friday on pressure from Apple Inc in a trading session that shortened the holiday season for Wall Street, as investors watched Black Friday sales and COVID-19 cases in China.

  • Dow rose 0.45%,
  • S&P 500 down 0.03%
  • Nasdaq drops 0.52%

Asian stocks to slide
Asian stocks slid on Monday as rare protests in China’s major cities against the country’s strict no-COVID policy raised concerns about the virus’s management in the economy. second largest economy in the world. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6%, after US stocks ended the previous session with slight losses.

dollar increase
The dollar rallied on Monday as protests against COVID restrictions in China caused uncertainty and dented sentiment, sending the yuan sliding and pushing investors’ worries. safe-haven greenback.

oil drops
Oil futures fell more than $1 early on Monday as protests at top China importer over strict containment of COVID-19 stoked demand concerns, while investors Investors remain cautious ahead of an agreement on a Western oil price ceiling on Russian oil and the OPEC+ meeting. Brent crude fell $1.01, or 1.2%, to trade at $82.62 a barrel at 01:10 GMT. U.S. West Texas Intermediate (WTI) crude fell $1.09, or 1.4%, to $75.19.

action FII/DII
Interim data showed that foreign portfolio investors (FPI) were net buyers of shares worth Rs 369 crore on Friday. However, DII sold the shares for Rs 296 crore.

Stocks in today’s F&O ban
No. Banned securities in the F&O segment include companies in which the stock has exceeded 95% of the overall market position limit.

rupee: The Indian unit fell against the dollar on Friday and ended the week almost unchanged. The rupee was steady at 81.68 to the dollar from 81.63 in the previous session.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by experts are their own. These do not represent the views of The Economic Times. )


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