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SGX Nifty down 5 points; This is what changed for the market while you were sleeping

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After strong gains in the previous session, domestic stocks are likely to open on a flat note on Tuesday as investors anticipate the impact of rising Covid cases on India Inc’s earnings. US stocks Settled at a record high in overnight trading, Apple became the first company to hit the $3 million mark in m-caps. The US 10-year Treasury yield also rose to 1.6 per cent. breaking down here pre-market the verbs:

market conditions

SGX Nifty a flat start
Nifty futures were trading 7.5 points or 0.04 per cent lower at 17,690 on the Singapore Exchange, indicating that Dalal Street was headed for a muted start on Tuesday.

  • Tech View: Nifty50 formed a solid bullish candle on the daily chart on Monday and in the process, pulled out its 50-day moving average based on the close. Analysts say a hold above the 17,600 level could push the index towards the 18,000 level. He sees support in the range of 17,350-400 for the index.
  • India VIX: On Monday, the fear gauge rose over one per cent to 16.45 as against Friday’s closing at 16.22.

asian stock adulteration in early trade
After gains in US stocks on the first trading day of the year, Asian markets opened mostly with gains on Tuesday. However, shares in mainland China were trading in the red. MSCI’s index of Asia-Pacific shares outside Japan was up 0.41 per cent.

  • Japan’s Nikkei rose 1.45%
  • South Korea’s Kospi fell 0.26%
  • Australia’s ASX 200 up 1.42%
  • China’s Shanghai declined 0.27%
  • Hong Kong’s Hang Seng up 0.23%

US stocks hit new record highs
The S&P 500 index and the Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, giving rise to gains in Tesla Inc. and bank shares. Apple Inc. became the first company to achieve a market capitalization of $3 trillion.

  • The Dow Jones rose 0.68% to 36,585.06. closed on
  • S&P 500 jumps 0.64% to 4,796.56
  • Nasdaq rose 1.20% to 15,832.80

Index nears one-week high
The US dollar hit its strongest level in more than a month against the Japanese yen on Tuesday, with Treasury yields jumping overnight as traders stoked Federal Reserve interest rates despite a rise in COVID-19 cases. Bet on the initial rise.

  • Dollar index 96.328 . stayed near
  • Euro $1.13065 . was on
  • Pound $1.3480. but was flat
  • Yen weakens to 115.395 per dollar
  • Yuan exchanged hands against the greenback at 6.3731

FPI Buy shares worth Rs 903 crore
Net-net, foreign portfolio investors (FPIs) turned buyers of domestic shares worth Rs 902.64 crore, suggested data available with NSE. The data shows that DII turned net buyers at Rs 803.11 crore.

money market

Rupee: Tracking positive domestic equities, the rupee pared its opening losses and closed with marginal gains in the first trading session of 2022 on Monday.

10 Year Bonds: After trading in the range of 6.45 – 6.47 on Monday, India’s 10-year bond rose marginally by 0.09 per cent to 6.45.

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Usama Younus

Usama Younus is the owner and super admin of the site he's is an expert in news editing, tech and entertainment magazine management, and articles editing E.T.C.

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