Stock Market: Opening Bell

Daily Market Updates Opening Bell
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5 Things to Know Before Market Opens on October 17, 2024

On October 17, Indian markets are likely to open cautiously. On Wednesday, Sensex and Nifty ended in red.

On Thursday, Indian stock market indices, Sensex and Nifty 50, are likely to open cautiously following mixed global market cues.

Previous Trading Session

On October 16, 2024, the Sensex declined by 0.39%, closing at 81,501.36, while the Nifty 50 fell by 0.34% to close at 24,971.30.

FII and DIIs

On Wednesday, DIIs bought securities worth ₹13,432.45 crore, while FIIs sold securities worth ₹17,901.58 crore.

Crude Price

Crude oil prices rebounded on Wednesday, recovering some of the sharp losses from the previous two sessions. Brent crude futures increased by 0.6% to $74.67 per barrel, while U.S. WTI crude futures also gained 0.6%, reaching $70.84 per barrel.

Asian Markets

On Thursday, Asian markets displayed mixed performance, tracking overnight gains on Wall Street. Japan’s Nikkei 225 remained flat, while the Topix index rose by 0.34%. South Korea’s Kospi edged up 0.1%, while the Kosdaq declined by 0.25%. Hong Kong’s Hang Seng index futures pointed to a positive opening.

US Markets

U.S. markets ended the day on a strong note, driven by gains in financial stocks. The Dow Jones Industrial Average rose by 337.28 points (0.79%) to reach a record high of 43,077.70. The S&P 500 added 27.21 points (0.47%), closing at 5,842.47, while the Nasdaq Composite advanced by 51.49 points (0.28%) to end at 18,367.08.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on October 18, 2024

On Friday, Indian stock market indices are likely to open lower. On Thursday, both Sensex and Nifty ended in red.

On October 18, 2024, Indian stock market indices, Sensex and Nifty 50, are expected to open lower followed by mixed global market cues.

Previous Trading Session

On Thursday, the Sensex declined by 0.61%, to close at 81,006.61, while the Nifty 50 fell by 0.89%, closing at 24,749.85.

FII and DIIs

On October 17, 2024, DIIs bought securities worth ₹16,817.01 crore, while FIIs sold securities worth ₹17,142.50 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.51 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude Price

Crude prices edged up on Thursday. Brent crude futures increased by 23 cents, or 0.31%, to settle at $74.45 per barrel, while US WTI crude futures dropped by 28 cents, or 0.4%, closing at $70.67 per barrel.

Asian Markets

In Asian markets, trading was mixed on Friday following gains on Wall Street and ahead of key economic data from China. Japan’s Nikkei 225 rose by 0.5%, with the Topix up 0.34%. South Korea’s Kospi remained flat, while the Kosdaq dropped 0.22%. Meanwhile, Hong Kong’s Hang Seng index futures signalled a lower opening.

US Markets

In the US, the stock market mostly closed higher on Thursday, driven by strong retail sales data. The Dow Jones Industrial Average climbed 0.37%, to a record 43,239.05, marking its fourth record close in five sessions. The S&P 500 dipped slightly by 0.02%, to 5,841.47, while the Nasdaq Composite gained 0.04%, ending at 18,373.61.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on October 21, 2024

On October 21, Indian stock market indices are expected to open cautiously. On Friday, both Sensex and Nifty ended in the green.

On October 21, 2024, Indian stock market indices, Sensex and Nifty 50, are likely to open on a cautious note following mixed global market cues.

Previous Trading Session

On October 18, the Sensex rose by 0.27% to close at 81,224.75, while the Nifty 50 was up by 0.42%, ending at 24,854.05.

FII and DIIs

On Friday, DIIs bought securities worth ₹13,850.16 crore, while FIIs sold securities worth ₹17,834.65 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.76 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude Price

Oil futures declined on Friday, ending the week with a drop of over 7%. This was because China’s slowing economic growth and mixed outlook for the Middle East weighed on investor sentiment. Brent crude dropped by $1.39 (1.87%) to $73.06 per barrel, while U.S. WTI crude declined $1.45 (2.05%) to settle at $69.22 per barrel.

Asian Markets

On Monday, Asian markets traded mixed following China’s loan prime rate cut announcement. Japan’s Nikkei 225 edged down slightly, and the Topix dropped by 0.11%. South Korea’s Kospi was up by 0.22%, while the Kosdaq posted minor losses. Hong Kong’s Hang Seng index pointed to a weaker open.

US Markets

US markets ended higher on Friday, with the Dow Jones Industrial Average and the S&P 500 reaching record highs, driven by technology stocks gains. The Dow Jones grew by 36.86 points (0.09%) to 43,275.91, the S&P 500 added 23.20 points (0.40%) to close at 5,864.67, and the Nasdaq Composite rose by 115.94 points (0.63%) to end at 18,489.55.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before Market Opens on October 22, 2024

The Indian stock markets are likely to make a flat start due to the muted signals from the SGX Nifty, which traded almost flat on Tuesday

The Indian stock markets are expected to start flat, influenced by muted signals from the SGX Nifty, which showed minimal movement, trading at 24,800, up 0.08% at 7:35 AM.

Previous Trading Session

On October 21, 2024, Indian markets faced pressure as investors continued to book profits amid the ongoing Q2 earnings season. The Sensex fell by 73.48 points (0.09%) to close at 81,151.27, while the Nifty 50 dropped 73 points (0.29%) to finish at 24,781.

FIIs and DIIs

On October 21, 2024, DIIs purchased securities worth ₹3,225.91 crore, while FIIs sold securities valued at ₹2,261.83 crore.

Put-Call Ratio (PCR)

The Nifty PCR shifted to 0.59 in the previous session. A ratio below 0.7 indicates a bearish trend, while a ratio above 0.7 suggests positive sentiment. The current PCR indicates that selling of Put options is outpacing Call options, reflecting a bearish outlook.

Commodity Prices

In the energy sector, oil prices rose nearly 2% after last week’s significant drop. Brent crude futures settled at $74.29 per barrel, while US West Texas Intermediate crude rose to $70.56 per barrel. In metals, gold prices hit a record high on Monday, stabilizing at $2,719.33 an ounce, with US gold futures up 0.3% at $2,738.90.

Asian Markets

Following a mixed performance on Wall Street, Asia-Pacific markets mostly declined. Australia’s S&P/ASX 200 fell 1.3%, while South Korea’s Kospi dropped 1.2%. Japan’s Nikkei 225 was down 1.24%, with the CSI 300 and Shanghai Composite in China also showing slight declines. However, Hong Kong’s Hang Seng index gained 0.6%.

US Markets

In the US, the Dow and S&P 500 closed lower, impacted by conservative sectors like healthcare and real estate. The Nasdaq Composite edged up 0.27% to 18,540.01, while the S&P 500 dipped 0.18% to 5,853.98, and the Dow Jones Industrial Average fell 0.80% to 42,931.60.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Know Before the Market Opens on October 23, 2024

The Indian stock markets are expected to have a flat start, influenced by muted signals from the SGX Nifty, which traded almost unchanged.

On October 23, 2024, the benchmark indices, Sensex and Nifty 50, may open flat to slightly negative, with Gift Nifty down 0.15% at 24,538 as of 07:55 AM.

Previous Trading Session

On October 22, 2024, the Indian securities market closed in the red, with both the Sensex and Nifty 50 dropping over 1%. The BSE Sensex fell by 930.55 points (1.15%) to 80,220.72, while the Nifty 50 declined by 309 points (1.25%) to 24,472.10.

Market Sell-Off

The Nifty tumbled over 300 points on Tuesday, with small and mid-cap stocks experiencing declines of 2-4%. All sectors closed lower, particularly PSU Banks, realty, and metals. The NSE advance-decline ratio was 1:11, with the PSU bank index plunging over 4% and realty down over 3%.

Foreign and Domestic Investment

On October 22, 2024, Domestic Institutional Investors (DIIs) purchased securities worth ₹5,869.06 crore, while Foreign Institutional Investors (FIIs) sold securities amounting to ₹3,978.61 crore.

Put-Call Ratio (PCR)

Nifty’s PCR decreased to 0.49 in the previous session. A PCR below 0.7 indicates a bearish trend, while a ratio above 0.7 suggests bullish sentiment. A rising PCR above 0.7 generally means traders are favouring Put options, indicating market optimism; conversely, a fall towards 0.5 signals a bearish outlook.

Commodity Prices

In the energy markets, oil prices increased for a second consecutive session as traders focused on tightening global supply and demand, dismissing ceasefire prospects in the Middle East. Brent crude futures rose 2.36% to $76.04 per barrel, while gold reached an all-time high, with spot gold up 1.03% to $2,747.56 an ounce.

Global Market Snapshot

Asian Markets

Mixed performance; Japan’s Nikkei 225 fell 0.04%, while the broader Topix rose 0.19%. South Korea’s Kospi was up 0.43%, and the small-cap Kosdaq declined 0.72%.

US Markets

The Dow and S&P 500 closed lower, driven by losses in utilities, commodities, and industrial sectors. The S&P 500 dipped 0.05%, the Nasdaq Composite rose 0.18%, and the Dow Jones Industrial Average fell 0.02%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Key Insights Before the Market Opens on October 24, 2024

Indian stock markets are expected to open flat, reflecting muted signals from the Gift Nifty, which showed minimal movement.

On October 24, 2024, the benchmark indices, Sensex and Nifty 50, are indicating a flat start, with the Gift Nifty trading up 0.03% at 24,496 as of 08:03 AM.

Previous Trading Session

On October 23, 2024, the indices experienced a volatile session, closing in the red. The BSE Sensex fell by 138.74 points (0.17%) to finish at 80,081.98, while the Nifty 50 decreased by 36.60 points (0.15%) to close at 24,435.50.

Foreign and Domestic Institutional Investors (FII and DII)

On October 23, 2024, domestic institutional investors (DIIs) purchased securities worth ₹6,039.90 crore, while foreign institutional investors (FIIs) sold securities worth ₹5,684.63 crore.

Put-Call Ratio (PCR)

The Nifty PCR shifted to 0.61 during the previous session. A PCR below 0.7 or approaching 0.5 suggests a bearish trend, while a ratio above 0.7 indicates a bullish sentiment. A rising PCR above 0.7 indicates increased buying of Put options, signaling market confidence, whereas a decline suggests a shift towards bearish sentiment.

Crude Oil and Gold Prices

In the energy sector, oil prices declined following reports of higher-than-expected U.S. crude inventories. Brent crude futures settled at $74.96 per barrel, down 1.42%, while U.S. West Texas Intermediate (WTI) futures fell 1.35% to $70.77. Meanwhile, U.S. gold futures decreased by 0.1% to $2,741.50 per ounce, after hitting a record high of $2,758.37 earlier in the session.

Asian Markets

On October 24, Asian markets presented a mixed picture following a downturn in U.S. stocks. South Korea’s Kospi dropped 0.37% due to disappointing Q3 GDP growth of 0.1% QoQ. Conversely, Japan’s Nikkei 225 rose by 0.48%, and Australia’s S&P/ASX 200 gained 0.14%, while China’s Shanghai Composite fell 0.54%.

U.S. Markets

On October 23, 2024, U.S. markets saw declines, with the Dow Jones Industrial Average falling 0.96% to 42,514.95, the S&P 500 dropping 0.92% to 5,797.42, and the Nasdaq Composite decreasing 1.60% to 18,276.65.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Key Insights for Market Open on October 25, 2024

Indian benchmark indices are expected to open flat, influenced by muted trading signals from the Gift Nifty, which showed minimal movement in early trading.

On Friday, October 25, 2024, the BSE Sensex and Nifty 50 are likely to start on a steady note amid mixed global cues. As of 08:10 AM, the Gift Nifty was nearly unchanged, rising by just 0.01% to 24,459.

Previous Trading Session

In the session on October 24, 2024, the BSE Sensex declined by 16.82 points (0.02%) to close at 80,065.16, while the Nifty 50 fell by 36.10 points (0.15%), finishing at 24,399.40.

Foreign and Domestic Investment

On October 24, 2024, domestic institutional investors (DIIs) purchased securities worth ₹3,620.47 crore, whereas foreign institutional investors (FIIs) sold securities valued at ₹5,062.45 crore.

Put-Call Ratio (PCR)

The PCR for Nifty has shifted to 0.76. A ratio below 0.7 or nearing 0.5 indicates bearish sentiment, while a ratio above 0.7 suggests bullish trends. The recent increase in PCR signifies that traders are selling more put options than call options, indicating strengthening bullish sentiment. Conversely, a drop below 0.7 would signal a bearish outlook.

Crude and Gold Prices

Crude oil prices have risen, with projections for an increase of over 1% this week. US West Texas Intermediate crude was up 0.6% to $70.62 per barrel, while Brent crude futures rose 0.6% to $74.83 per barrel. Gold prices steadied on Friday, maintaining an upward trajectory for the week, with spot gold priced at $2,733.63 an ounce—up 0.5% for the week and previously hitting a record high of $2,758.37.

Asian Markets

Asian markets exhibited mixed performance ahead of Japan’s general election this weekend. The Topix fell by 0.41%, and the Nikkei 225 declined by 0.52%. In contrast, the Kosdaq rose by 0.42%, while the Kospi saw a notable increase of 1%. Futures for Hong Kong’s Hang Seng index indicated a weaker opening.

US Markets

On October 24, 2024, the S&P 500 rose by 12.44 points (0.21%) to 5,809.86, while the Dow Jones Industrial Average dropped by 140.59 points (0.33%) to 42,374.36. The Nasdaq Composite closed up 138.83 points (0.76%) at 18,415.49.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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6 Things to Note Before Market Opens on October 28, 2024

On Monday, the Indian benchmark indices are expected to open on a flat note followed by the mixed cues from the global markets.

On Monday, October 28, 2024, the benchmark indices, Sensex and Nifty 50 are likely to make a flat start following largely mixed cues from global markets. At 08:03 AM, Gift Nifty was trading up by 0.44% at 24,245.

Previous Trading Session

On Friday, the Sensex declined 0.83%, to close at 79,402.29, while the Nifty 50 fell by 0.9%, lower at 24,180.80.

FII and DIIs

On October 25, 2024, DIIs bought securities worth ₹15,203.44 crore, while FIIs sold securities worth ₹17,246.59 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.75 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

Crude oil prices dropped following Israel’s weekend strike, which avoided targeting oil or nuclear sites. Brent crude declined 4.48% to $72.64 per barrel, while US WTI crude futures dropped 4.63% to $68.46.

Asian Markets

Asian markets traded positively on Monday, led by Japanese markets as the yen weakened after the country’s election results. The Nikkei rose 1.79%, and the Topix gained 1.38%. South Korea’s Kospi climbed 0.51%, and the Kosdaq advanced 0.94%, though Hong Kong’s Hang Seng index opened lower.

US Markets

The US stock market closed mixed on Friday, with megacap stocks supporting the Nasdaq. The Dow Jones Industrial Average dropped by 0.61%, to 42,114.40, and the S&P 500 slipped by 0.03%, to 5,808.12. The Nasdaq Composite, however, rose 0.56%, to close at 18,518.61.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.