Equity Tips

header ads

SGX Nifty indicates a positive opening for the Indian markets

For today, expect pull back in most Asian indices as investors buy equities with valuations cheapest in last 3 years.
capitalstars
SGX Nifty opens at 10,813, up 44 points. For today, expect pull back in most Asian indices as investors buy equities with valuations cheapest in last 3 years.
Nifty saw a weak start & kept getting weaker as the day progressed with Nifty breaking 10700 on the downside. However, local buying & short covering saw the index gain in the last hour to close down 55 points at 10738. Pharma, select private banks & financial services stocks saw value buying, while metals were again the biggest losers.

Global Markets: Asian indices opened in the green led marginally by the Japanese Niikei, which resumed trading after a holiday on Monday and was up 100 points. The trade data from China saw the weakness of trade war spill over as numbers were the weakest in last 5 years. For today, expect pull back in most Asian indices as investors buy equities with valuations cheapest in last 3 years.

US Markets: Dow Jones closes lower by 85 points, however recovers from session lows of over 185 points as US indices consolidate. Oil prices also retreat as sharp rally sees profit booking. Early results indicate December quarter has seen Asian business take hit while US consumer still robust.

FII/DII Data:  In yesterday’s trading session FIIs sold 732cr stock in the cash market whereas DIIs bought Rs527cr worth of stock. In the derivative market, FIIs sold 989cr of Index futures and bought 20cr worth of Index options. In the Stock futures segment, FIIs bought Rs558cr worth of stock futures and bought 86cr stock options.

FII View: FIIs created bearish positions in the derivative segment in yesterday’s trading session which is deduced by the fact that they created 13,143 net short contracts in Index Futures while simultaneously creating 3,306 net long contracts in Index Put Options.
Get more details here:


Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. 


Post a Comment

0 Comments