According to gift Nifty signs, the start of the domestic stock market on Tuesday may be weak. The gift Nifty futures were trading 4 points to 24,805 at 6:40 am, which is a sign of minor weakness in the domestic market.
Global and domestic trends
Foreign investors are waiting for the UK’s GDP (GDP) growth figures and the Australian central bank’s interest rate decision. At the same time, investors in India are monitoring external loans and government budget figures. In addition, the weekly termination of Nifty derivatives can also affect the market direction.
Asian market status
There was a mixed trend in the markets of the Asia-Pacific region. Investors are waiting for the Australian Reserve Bank’s interest rate decision. According to a survey by Reuters, the RBA can keep its cash rate stable at 3.6%.
Australia’s S & P/Asx 200 0.10%
South Korea’s cospie jumped 0.27%
Japan’s Nikkei 225 0.17% dropped
US market condition
The major index of Wall Street closed with an overnight edge. Technology-oriented Nasdaq Composite rose 0.48%, S&P 500 0.26% and Dow Jones closed up 0.15%. However, the US government’s potential closed and strict stance of the Federal Reserve kept investors alert.
Institutional investment (FII, DII)
Foreign Institutional Investors (FII) sold shares worth ₹ 3,690.06 crore
Domestic institutional investors (DII) bought shares worth ₹ 2,805.34 crore
IPO update
In the main IPO, the Advanced Agolide IPO will be launched today. The allocation of shares of IPOs of Jinnachal Industries and Trupt Bio -organism is likely to be decided today. In addition, the IPO of Solarworld Energy Solutions, Jaro Institute of Technology Management and Research, Seshasai Technologies and Anand Rathi Share and Stock Brokers will start today on D-Stock.
Om will be the second day of the IPO subscription to the Om Freight Forwards, Fabtech Technologies and Glotis, while the subscription of Paes Digitec IPO is the last day today.
The SME IPO sector will also be in the discussion today, including 11 new IPOs, including Greenleph Environment, Shipwaves Online, Shloka Dies, Sunskai Logistics, Munish Forge, Infinity Infinity Infvel, Sheel Biotech, Zelio E-Momination, B.A.G. Conversions and Valplast Technologies are included.
Commodity market
Oil prices were doing less business on Tuesday morning. Brent crude fell 0.69% to $ 67.50 a barrel, while the US WTI crude was trading at $ 63.06 per barrel.