What changed for the market while you were sleeping? 18 things you should know

The Nifty50 closed above its crucial resistance level of 10,000 for the first time since August 7 and made a strong bullish candle on the daily candlestick charts. The Nifty50 opened at 9,971 and rose to an intraday high of 10,028.65 before closing the day 71 points higher from its previous close at 9934.80.

The Nifty closed at 10,006.05 on Monday. According to Pivot charts, the key support level is placed at 9,973.63, followed by 9,941.27. If the index starts to move higher, key resistance levels to watch out are 10,033.53 and 10,061.07.

The Nifty Bank closed at 24,672.25 on Monday. Important Pivot level, which will act as crucial support for the index, is placed at 24,508.5, followed by 24,344.8. On the upside, key resistance levels are 24,785.6, followed by 24,899.

Nifty Bank gained the most among sectoral indices, up 301 points or 1.24 percent driven by IndusInd Bank, HDFC Bank and Yes Bank.

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:

Asian stocks climb and the dollar holds onto gains

Stocks in Asia continued their ascent on Tuesday, following a firm lead from Wall Street as concerns faded over the potential damage of Hurricane Irma and as Korean Peninsula tensions took a backseat. Japan's Nikkei 225 rose 1.08 percent in early trade as the dollar held onto overnight gains against the yen. The Kospi gained 0.34 percent. S&P/ASX 200 tacked on 0.44 percent, CNBC reported.

S&P 500 chalks up record high as fear gives way

The S&P 500 surged over 1 percent to a record high close on Monday as tropical storm Irma caused less damage than expected in Florida, and after North Korea did not test-fire missiles over the weekend, which some had feared. The Dow Jones Industrial Average rose 1.19 percent to end at 22,057.37 points in its largest one-day gain since February. The S&P 500 gained 1.08 percent to 2,488.11 and the Nasdaq Composite added 1.13 percent to 6,432.26, according to a report by Reuters.

SGX Nifty

The Nifty50 futures on the Singapore Stock Exchange were trading 49 points higher at 10074.50 indicating a positive opening for the domestic market.

August inflation seen at 5-month high on rising food costs

India’s retail inflation is expected to have picked up to a 5-month high in August, largely driven by higher food costs, a Reuters poll showed, easing pressure on RBI to cut interest rates again after poor growth data. Consumer prices were forecast up at 3.2 percent in August from a year ago, jumping from July’s 2.36 percent, according to the poll taken on 5-8 September of nearly 40 economists, said a report by Livemint.

The poll also predicted industrial output rose 1.2 percent in July after contracting in June, despite disruptions caused by a new goods and services tax.

SC directs Jaypee Infratech to deposit Rs 2,000 crore

The Supreme Court has directed Jaypee Associates to deposit Rs 2000 crore by October 27 and that the insolvency professional must submit an interim resolution plan within 45 days. The apex court has stayed all other proceedings against the loan defaulter company, Jaypee Infratech, until further orders and restrained the former CEO and Managing Director Manoj Gaur of Jaypee Infratech from leaving the country.

Sebi to shortly approve options trading in guar seed

Sebi is expected to approve options trading in guar seed, this week, sources told Moneycontrol. That would make it the second commodity, after gold, in which options contracts can be traded. Trading in guar seed options is expected to start in the last week of October. Guar seed sees trades worth Rs 400-600 crore daily.

Matrimony.com IPO subscribed 67% on Day 1

The initial public offer (IPO) of Matrimony.com, which runs online match-making portals, was subscribed 67 percent on the first day of bidding on Monday. The IPO, with an aim to raise over Rs 500 crore, received bids for 18,78,510 shares against the total issue size of 28,11,280 shares, data available with the NSE showed, said a report by PTI.

UN Security Council unanimously steps up sanctions on North Korea

The UN Security Council unanimously stepped up sanctions against North Korea on Monday over the country’s sixth and most powerful nuclear test conducted on September 3, imposing a ban on the country’s textile exports and capping imports of crude oil. It was the ninth sanctions resolution unanimously adopted by the 15-member council since 2006 over North Korea’s ballistic missile and nuclear programs, as reported by Reuters.

SMAC Meet: Increase in trading hours issue highlighted but not discussed

Secondary Market Advisory Committee (SMAC) met on Monday and discussed issues such as code of ethics for foreign entities that provide sectoral indices and timings for block deals. The issue of increasing trading hours was also highlighted by managing director of one of the exchanges but was not discussed by the SEBI-appointed panel.

Godrej Agrovet gets Sebi clearance for IPO

Godrej Industries arm Godrej Agrovet has received capital markets regulator Sebi's go-ahead to raise an estimated Rs 1,000-1,200 crore through an initial public offering. Godrej Agrovet's public issue comprises fresh issue of shares worth Rs 300 crore besides an offer for sale of scrips of up to Rs 300 crore by Godrej Industries and up to 1.23 crore shares by V-Sciences, as per the DRHP, said a report by The Economic Times.

RBI net dollar purchase in July at USD 2.9 billion

The Reserve Bank of India (RBI) purchased USD 2.953 billion of the US currency on net basis in July from the spot market. During the reporting month, it bought USD 4.893 billion and sold USD 1.940 billion in the spot market, according to the latest data from the central bank. The RBI intervenes in the foreign exchange market to contain volatility in the rupee market, PTI reported.

SBI Life gets Sebi's go-ahead for IPO

SBI Life has received capital market regulator Sebi's approval to raise an estimated Rs 6,500-7,000 crore through its initial share sale offering. According to the draft offer documents, SBI Life's public issue involves its promoters offloading up to 12 crore shares of face value of Rs 10 each through the offer of sale route, said a report by The Economic Times.

RBI dollar purchases hit three-yr high in forwards

The central bank's US dollar purchases in the forward market hit a three-year high of USD 9.4 billion last month as the regulator sought to cushion the impact of a surge in inflows of the currency. The Reserve Bank of India's (RBI) net purchases in the spot market amounted to USD 2.9 billion in July, according to the latest data released by the central bank, as reported by The Economic Times.

Direct tax receipts in April-August period soar 17.5%

Net direct tax receipts during the April-August period has grown 17.5 percent to Rs 2.24 trillion, indicating tax collections are on track to achieve the full-year target. Direct tax receipts in the first five months of the financial year are a tad less than a fourth of the projected full-year collections, according to a statement from Central Board of Direct Taxes, according to Livemint.

Sebi looking into suggestions for trade hours extension till 5pm

Sebi is looking into suggestions for extending stock market trading hours till at least 5 pm, sources said. Before taking a final decision, Sebi will take into account inputs from the government and the RBI, after which a consultation paper may be issued for all the stakeholders concerned with any change to the trade timings, PTI reported.

Govt mulls Rs10 trillion public financing for infrastructure projects

With bank credit drying up for large infrastructure projects, the NDA government is exploring a plan to raise Rs 10 trillion from retirees and provident fund beneficiaries, said transport minister Nitin Gadkari. The plan aims to raise money in tranches of Rs 10,000 crore by selling 10-year bonds at a coupon of 7.25-7.75 percent, said a report by Livemint.

Sebi may tighten norms for firms' audit committees

Sebi is likely to tighten norms pertaining to constitution and functioning of the audit committees for listed companies. These committees act as independent oversight bodies responsible for transparency and accuracy in functioning of company and the board.

According to sources, the markets regulator plans to look at how India Inc is appointing members on the audit committee, their qualifications and whether they are discharging their duties, without undue influence of the promoters, said a report by Business Standard.

Rupee off 1-mth high, drops 15 paise to 63.93

The rupee on Monday retreated from its one-month high to end lower by 15 paise to 63.93 a dollar on overwhelming demand for the American currency from corporates and banks. The ruppe traded under pressure in view of strengthening US dollar following easing geopolitical tensions in the Korean peninsula and also abating concerns over Hurricane Irma which subsided over the weekend, PTI reported.