Stock Market Today: Domestic benchmark indices are set to open in the red but later turned in green on Tuesday . In the morning session, Asian markets also changed as they assessed the US Fed policymakers’ remarks.
The 19,000 call option has the largest open interest, which means that Nifty50 is likely to add further gains to the pot.
The SGX Nifty started with a bad start : Stock Market Today
At 7.15 am on the Singapore Exchange, Nifty futures traded 75 points, or 0.44 points, lower, indicating a bad start for Dalal Street. Now Sensex is up 150 points and Nifty is above 18,600.
Tech View: On the daily charts, the Nifty 50 has developed a lengthy bullish candlestick pattern. As long as it maintains above the support range of 18350-18400 levels, the index may challenge the 18700-18900 levels.
India VIX: On Monday, the volatility index increased 1.7% to 13.5650 points.
Stock Market Today: Asian equities are mixed
Stocks in Asia painted a mixed picture as a strong police presence discouraged Chinese demonstrations followed by traders weighing Federal Reserve officials’ remarks highlighting the necessity for additional interest rate increases. While stocks sank in Japan and fluctuated in Australia, they soared in Hong Kong and mainland China.
- Japan’s Topix dropped by 0.4%.
- The S&P/ASX 200 index for Australia barely changed.
- Hang Seng Index increased by 1.7%.
- Shanghai Composite increased by 0.9%.
Oil prices continue to fall
Early trade saw a decline in oil prices as a result of worries about waning gasoline consumption in China, the world’s top petroleum importer, in the face of severe COVID-19 restrictions.
At 0113 GMT, the price of Brent crude futures decreased by 45 cents, or 0.5%, to $82.74 a barrel. West Texas Intermediate (WTI) oil futures for the United States fell 51 cents or 0.7% to $76.73 a barrel. The previous day, Brent decreased by 0.5% after falling by more than 3% to $80.61 earlier in the session, its lowest level since.
About Indian Rupee
The Indian rupee was able to reverse intraday losses and close the day slightly higher against the US dollar on Monday thanks to a decline in the dollar index. Compared to 81.68 on Friday, the rupee ended the day at 81.67 to the dollar.
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