Good Morning!
Indian equity markets had a record-breaking day on Tuesday with the NSE Nifty 50 scaling the 13,000 mark for the first time ever. Both benchmark indices ended higher for the third straight day.
On the penultimate day of the monthly F&O expiry, the markets may open higher for the fourth day in a row, as suggested by futures. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.5% to 13,150 as of 8:00 a.m.
Cues from the F&O Space. The 13,000 Put options for this Thursday’s expiry now has 37 lakh shares in Open Interest, which is higher than that on the Call side. The 13,500 Call now has 34 lakh shares while the 13,200 Call has close to 30 lakh shares.
Indiabulls Housing Finance and Bank of Baroda are out of the F&O Ban while Tata Motors has entered the ban. The five stocks currently in the ban are Adani Enterprises, Federal Bank, NALCO, SAIL, Tata Motors.
Global equities are on course for the best month on record as the markets extend overnight gains in the U.S. Shares are higher across the Asia Pacific, with energy and raw material stocks leading the gains.
Futures on the Dow Jones are currently trading higher by 130 points, after it crossed the 30,000 mark on Tuesday to end at a record high.
West Texas Intermediate crude rose 0.3% to $45 per barrel while Copper traded at a six-year high.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.