What changed for the market while you were sleeping? Top 10 things to know

The Nifty recouped morning losses and climbed 10,500-10,550 levels to close just a shade below its crucial resistance levels of 10,600 levels on Tuesday. Robust IIP data for the month of September, cool off in inflation numbers as well as fall in crude oil prices added to the tailwind.

The strong rally seen in the index took shape of a Piercing pattern which signals a temporary halt to the downtrend. The pattern is formed by two consecutive candlesticks.

The first candlestick is a strong red candle or a bearish candle which is followed by a green or a bullish candle. The bullish candle should cover at least half of the previous day’s red or bearish candle. It is a potential signal for a reversal.

The S&P BSE Sensex recouped previous session losses and reclaimed 35000 while the Nifty rallied over 100 points and reclaimed 10,550 levels on closing basis which is a positive sign.

On the upside, 10600 is acting as a crucial resistance level for the index. This is the fourth straight session in which we saw Nifty facing selling pressure, the moment it comes near 10600-10650 levels.

According to Pivot charts, the key support level is placed at 10,483.27, followed by 10,384.03. If the index starts moving upwards, key resistance levels to watch out are 10,638.97 and then 10,695.43.

The Nifty Bank index closed at 25,768.6 on Tuesday. The important Pivot level, which will act as crucial support for the index, is placed at 25,503.3, followed by 25,238.0. On the upside, key resistance levels are placed at 25,915.2, followed by 26,061.8.

Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies.

The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks. The Nasdaq ended the session essentially flat as a rebound in tech kept the index out of negative territory.

Energy stocks weighed heaviest on the S&P 500, driven lower by a 7.1 percent plunge in crude prices, their biggest percentage drop in 2-1/2 years. The energy sector closed down 2.4 percent.

The Dow Jones Industrial Average fell 100.69 points, or 0.4 percent, to 25,286.49, the S&P 500 lost 4.04 points, or 0.15 percent, to 2,722.18 and the Nasdaq Composite added 0.01 points, or 0 percent, to 7,200.88.

Asian shares edged lower as investors fretted about slowing global growth with crude oil prices sinking on worries about weakening world demand and oversupply. OPEC warned on Tuesday that a supply glut could emerge in 2019 as the world economy slows and rivals increase production more quickly than expected.

The concerns about global growth pushed MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.07 percent. Australian stocks fell 0.5 percent, South Korea's KOSPI lost 0.2 percent and Japan's Nikkei added 0.3 percent.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 34.5 points or 0.33 percent. Nifty futures were trading around 10,632-level on the Singaporean Exchange.

Oil’s slide accelerated on Tuesday, with US futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. US futures closed down 7.1 percent, for a record 12th straight decline and the lowest since November 2017. More than 980,000 contracts changed hands, as funds shed positions.

US West Texas Intermediate (WTI) crude oil futures were at $55.66 per barrel at 0043 GMT, down 3 cents from their last settlement.

The Securities and Exchange Board of India (SEBI) on November 13 issued new norms for credit rating agencies (CRAs) to enhance transparency in their disclosures. The CRAs will now be required to reveal liquidity position of the companies in the press release regarding their rating action.

The agencies formerly had to include relevant factors that affect the creditworthiness of an issuer in the rating notes considered by the rating committee, after which a rating was assigned.

In order to enable investors to understand rating drivers better and make  informed  investment decisions, CRAs have to make the following specific disclosures in the section on "Analytical Approach" in their press release:

The rupee on November 13 recovered 22 paise to close at 72.67 against the US currency on easing crude oil prices and better-than-expected macroeconomic data. Besides, fund inflows by foreign investors and the US dollar's weakness against some currencies overseas also supported the domestic unit, dealers said.

At the Interbank forex market, the rupee opened with strength at 72.81 and advanced to a high of 72.51 in day trade. The domestic currency finally settled at 72.67, showing a gain of 22 paise or 0.30 percent over the last close.

Retail investors have continued to remain buoyant with SIP flows in mutual funds reaching to Rs 7,985 crore in October, a surge of 42 per cent from the year-ago level, despite stock market volatility on the back of rupee depreciation and rising crude oil prices.

With this, total funds garnered through SIPs (Systematic Investment Plans) have reached to Rs 52,472 crore in the current fiscal so far (April-October), according to the data available with Association of Mutual Funds in India. In the entire 2017-18, over Rs 67,000 crore was mopped-up through SIP route, which is more than Rs 43,900 crore in the preceding fiscal.

The Reserve Bank on Tuesday announced it will inject Rs 12,000 crore into the system through purchase of government securities on 15 November.

“Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of the following government securities under Open Market Operations for an aggregate amount of Rs 12,000 crore on November 15, 2018 (Thursday),” it said.

The OMO operation will help ease tight liquidity situation triggered by series of default by group companies of IL&FS.

As many as 1395 BSE companies will declare earnings later today which include names like Coffee Day Enterprises, Cox & Kings, Mahindra & Mahindra, Motherson Sumi, Page Industries, PC Jeweller, SpiceJet and Unitech among others.

Securities in ban period for the next day's trade under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

For November 14, 2018 Adani Power and Jet Airways are present in this list.