Important Information for October 12 Stock Trading Strategy

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Benchmarks for Indian stocks are expected to open higher on Wednesday, as indicated by Nifty Futures traded on the Singapore Stock Exchange. The Nifty Futures on Singapore Exchange, also known as SGX Nifty Futures, rose 0.43% or 74 points to 17,013 despite weak global signals.

Here are the key things to know before the market opens on Wednesday:

Asian markets

Most Asian markets were trading lower with Japan’s Nikkei down 0.14%, Hong Kong’s Hang Seng down 2%, Taiwan Weighted down 0.15% and South Korea’s KOSPI down 0.2%.

US markets

Another volatile run on Wall Street left stocks lower on Tuesday, extending recent market losses as traders brace for updates on inflation and corporate earnings.

The S&P 500 fell 0.7%, marking its fifth consecutive loss. The benchmark was down as much as 1.2% at the start after a grim forecast from the International Monetary Fund fueled recession fears. It then gained as much as 0.8% before a late afternoon reversal.

The Nasdaq composite also fell back into the red, ending down 1.1%. The Dow Jones Industrial Average lost most of a 1.2% gain to end up 0.1%.

Major indexes entered the day with four straight losses. Recession fears have weighed heavily on markets as stubbornly scorching inflation burns businesses and consumers alike. Economic growth is slowing as consumers moderate spending and the Federal Reserve and other central banks raise interest rates.

Checking the price of gold and crude oil

Benchmark U.S. crude for November delivery fell $1.78 to $89.35 a barrel on Tuesday. Brent crude for December delivery fell $1.90 to $94.29 a barrel.

Gold for December delivery rose $10.80 to $1,686 an ounce. Silver for December delivery fell 12 cents to $19.49 an ounce and December copper rose 3 cents to $3.46 an pound.

The dollar fell from 145.73 yen to 145.85 Japanese yen. The euro fell to 97.06 cents from 97.07 cents.

Foreign flows

Foreign institutional investors sold shares worth Rs 4,612 crore on Tuesday while domestic institutional investors bought shares worth Rs 2,431 crore.

Actions in brief

InterglobeAviation: No-frills airline IndiGo said on Tuesday it would link the city to Istanbul in Turkey from early next year.

Non-stop air services on the new route, which will start from January 1, will be operated daily. Bookings for these flights began from Tuesday, the airline said in a statement.

CDS: As major central banks work to roll out digital currencies, India’s largest software exporter, TCS, on Tuesday announced a solution that will make it easier to deploy and use them.

The Tata Group company has enhanced its Quartz blockchain solutions platform to enable central and commercial banks to support the entire lifecycle of digital currency issuance, accounting and transactions from the central bank (CBDC).

Adani companies: Adani Enterprises has leased 4.64 lakh square feet of space at its data center in Noida to Raiden Infotech, a Google entity, for a monthly rent of Rs 11 crore, according to documents viewed by CRE Matrix.

The documents, seen by the data analytics firm, showed that DC Development Noida Ltd, part of Adani Enterprises Ltd, leased 4,64,460 square feet of space at Adani Data Center in Sector 62, Noida for a period of 10 years. .

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