Nifty today: SGX Nifty down 45 points; here’s what changed for the market while you were sleeping
STATE OF THE MARKETS
SGX Nifty reports negative start
Nifty futures on the Singapore Stock Exchange traded 43.5 points, or 0.27%, at 15,799.50, signaling Dalal Street was heading for a negative start on Tuesday.
- Technical view: The Nifty50 fell for the fourth day on Monday and in doing so lost the psychological mark of the closing 16,000 level. The index is close to oversold territory, as the 14-day RSI suggests, but any dip below 15,700 can drag it towards the 15,500-200 range, analysts have warned.
- India VIX: The fear indicator jumped around 5% to the 29.33 level on Monday from its close at 27.96 on Friday.
Asian stocks open lower
Asian stocks opened largely lower on Tuesday as investors remained worried about soaring oil prices and uncertainties surrounding the Russia-Ukraine crisis. However, Hong Kong recorded some gains. The MSCI Asia-Pacific ex-Japan equity index fell 0.19%.
- The Japanese Nikkei fell 0.29%
- The South Korean Kospi fell 0.46%
- Australia’s ASX 200 fell 02.0%
- China’s Shanghai lost 0.45%
- Hong Kong’s Hang Seng loses 0.70%
Wall Street ends down sharply
Major Wall Street indexes fell sharply on Monday, with the Nasdaq Composite confirming it was in a bear market as the prospect of a ban on oil imports from Russia sent crude prices skyrocketing and fueled concerns about rising inflation.
- The Dow Jones plunged 2.37% to 32,817.38
- The S&P 500 fell 2.95% to 4,201.09
- The Nasdaq fell 3.62% to 12,830.96
Euro close to 22-month low
The euro was pinned near a 22-month low on Tuesday as the war in Ukraine clouded Europe’s economic outlook, while commodity currencies took a break from their weeks-long rally.
- Dollar Index held near 99.123
- Euro held at $1.0855
- The pound was trading at $1.3115
- The yen fell to 115.48 per dollar
- The yuan traded hands at 6.3130 against the greenback
FII sell shares worth Rs 7,482 cr
Net-net, Foreign Portfolio Investors (REITs) turned domestic stock sellers to the tune of Rs 7,482.08 crore, according to data available with NSE. DIIs became net buyers to the tune of Rs 5,331.03 crore, according to the data.
Rupee: Slipping for the fourth consecutive session, the rupee fell 76 paise to close at 76.93 on Monday, after hitting an all-time low of 77 against the US dollar, as crude oil prices hit multi-year highs amid of the Russian-Ukrainian crisis.
10-year bonds: Indian 10-year bonds jumped 1.10% to 6.88 after trading in the 6.85-6.89 range on Monday.
Call rates: The weighted average overnight money rate stood at 3.28% on Friday, according to RBI data. It evolved in a range of 2.20 to 3.55%.