Stock Market Today: According to SGX Nifty, Indian benchmark equity indices may open in the green. In the early morning trade on Tuesday, the Nifty futures on the Singaporean Exchange were trading 23.5 points, or 0.13%, higher at 17,812.5. On Monday, the NSE Nifty 50 fell 85.60 points or 0.48% to 17,770.90, while the BSE Sensex fell 250.86 points, or 0.41%, to 60,431.84. The sectoral indices all ended in the negative; the Bank Nifty fell by 0.67%, the Nifty IT fell by 1.88%, the Nifty Auto fell by 0.61%, the Nifty Metal fell by 1.19%, and the Nifty Pharma fell by 0.48%.
Reserve Bank of India’s tolerance range
After falling for three straight months, India’s CPI inflation made an unsettling U-turn in January, surging to a 3-month high of 6.52% and exceeding the Reserve Bank of India’s (RBI) tolerance range. According to a report released on Monday by the Ministry of Statistics and Programme Implementation, the increase in food prices in January was primarily to blame for the rise in retail inflation. Prior to this, the Consumer Price Index (CPI)-based inflation rate was 5.72% in December and 6.01% in January 2022.
Stocks under F&O ban on NSE
The National Stock Exchange’s F&O ban list for February 14 now includes BHEL and Punjab National Bank in addition to Ambuja Cements and Indiabulls Housing Finance. Securities from firms where derivative contracts have exceeded the market-wide position limit by 95% are among those that are prohibited under the F&O segment.
Stock Market Today: FII and DII data
On February 13, according to preliminary NSE data, domestic institutional investors (DII) purchased shares worth Rs 521.69 crore and foreign institutional investors (FII) purchased shares worth Rs 1,322.39 crore.
Stock Market Today: Oil prices fall
The U.S. government announced it will release more crude from its Strategic Petroleum Reserve (SPR), and other reports that more supply is entering the market, which led to a decline in oil prices in early Asian trade on Tuesday.
By 0132 GMT, Brent crude futures had decreased by 82 cents, or 1%, to $85.79 per barrel, whereas U.S. crude futures had decreased by $1.04, or 1.3%, to $79.10 per barrel.
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
