Good Morning!
Indian equity markets began the new trading week on a positive note by ending with gains. However, the 13,000 mark continued to remain distant for the NSE Nifty 50 index. The gauge fell 30 points short, reversing from an intraday high of 12,969.
Futures today are indicating a subdued start to the trading day. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 12,957 as of 8:05 a.m.
F&O updates – five stocks have exited the F&O Ban namely BHEL, Canara Bank, DLF, L&T Finance and Vodafone Idea. On the other hand, SAIL is back in the Ban after a one-day gap. The highest open interest on the Call side has now shifted higher to 13,500 from 13,000. The 13,500 call now has 41 lakh shares in Open Interest for this Thursday’s expiry, while the 13,000 call has close to 37 lakh shares.
Most Asian markets have opened higher after a positive overnight session on Wall Street. Benchmarks in Japan, Australia and South Korea rose while those in Hong Kong and China were little changed.
Futures on the Dow Jones are trading 200 points higher. The index ended 1.1% higher on Monday.
West Texas Intermediate crude was little changed at $43.05 per barrel while Gold fell to a four-month low of $1,827.2/Oz.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.
