I expect the USD-INR to trade in a range of 65-65.20 for today, says Bhaskar Panda of HDFC Bank.
U.S. West Texas Intermediate (WTI) crude futures settled down 46 cents or 0.8 percent to $56.09, while Brent crude futures fell 50 cents or 0.8 percent to $62.22 a barrel. Oil has been under pressure for the last two weeks since peaking in early November; U.S. crude has lost 2.6 percent.
A quick check on what could trigger the markets today.
According to Prakash Gaba of prakashgaba.com, Nifty is up and an upside to 10340 is a possibility as long as 10175 holds. The crucial support for Nifty is at 10175-10089 and the resistance is at 10340. Bank Nifty on the other hand has support at 25600 and resistance at 26000.
I expect 10-year benchmark bond yield to trade between the 6.88-6.91 percent range today, says Bhaskar Panda of HDFC Bank.
Indian markets are trading valuations which most analysts would not call it as ‘cheap’. Hence, any further rally in the market will have to be supported by either bounce back in earnings or sharp rebound in macros
A look at top cues from domestic and international cues that could have a bearing on D-Street.
Spot gold was up 0.2 percent at $1,279.05 per ounce by 0059 GMT. Bullion fell about 1.4 percent on Monday in its biggest one-day percentage drop since Sept. 11.
The Dow Jones Industrial Average rose 72.09 points, or 0.31 percent, to 23,430.33, the S&P 500 gained 3.29 points, or 0.13 percent, to 2,582.14 and the Nasdaq Composite added 7.92 points, or 0.12 percent, to 6,790.71.
South Korea's KOSPI rose 0.25 percent, Australian stocks climbed 0.15 percent and Japan's Nikkei advanced 1.25 percent.
Investors are advised to trade with caution and keep strict stop losses to avoid getting stuck on the wrong side of the trade.
Wipro buyback scheme will open for Rs 320 a unit, at 8.6 percent premium over current price.
Sources told Moneycontrol that SEBI Chairman Ajay Tyagi met the top management of all exchanges last week to know their views on the concept of a universal exchange.
Two companies — Newgen Software Technologies and Apollo Micro Systems — have received SEBI's go-ahead to float initial public offerings, latest update with the markets regulator showed.
Leading stock exchange NSE has cautioned traders and investors against unsolicited messages being circulated by unregistered entities to induce investment and sale of shares.
The ETF saw bids of nearly Rs 32,000 crore coming in, with FIIs bidding for one-third of the money.
Mohammad is of the view that traders can continue to maintain a positive stance as long as Nifty50 sustains above 10,200 level on closing basis.
Rating upgrade will help bring some benefits on cost of funds for overseas borrowers, encourage foreign capital inflows, boost overall sentiments
Coal India, ONGC, GAIL and Tata Power were the top gainers, while ICICI Bank, DRL, and Ambuja Cements were the top losers.
The upside in oil & gas, select private banks and metals stocks was offset by fall in ICICI Bank, SBI, HDFC, Infosys and cement stocks.
Moody’s upgrade along with the recognition by the IMF chief and the World Bank sends out the clear message that the Indian economy is on the right track.
The Nifty SME Emerge Index reflects the performance of a portfolio of eligible companies listed on the Emerge. The index represents about 62 per cent of the full market capitalisation of all SMEs listed on the Emerge.
EPFO's apex decision making body may meet on November 23rd to discuss some crucial proposals relating to its investments and returns to its 4 crore subscribers. CNBC-TV18's Yash Jain gives more details.
The midcap Index outperformed and was up 0.49 percent led by Biocon which jumped over 5 percent on the back of EIR received from USFDA followed by Godrej Industries, Jain Irrigation, Mcleod Russel, SAIL, OBC and Tata Global Beverage.
Indian market pared gains after a huge gap-up start last week but the strength is missing. The S&P BSE Sensex which opened positive pared most of its gains and turned choppy which signified lack of conviction from buyers at higher levels.