6 Things to Know Before Market Opens on October 31, 2024

On Thursday, October 31, 2024, the benchmark indices, Sensex and Nifty 50 are likely to get impacted following mixed cues from global markets. At 07:39 AM, Gift Nifty was trading down by 0.12% at 24,414.00.

Previous Trading Session 

On October 30, 2024, the Sensex dropped 426.85 points, or 0.53%, to close at 79,942.18, while the Nifty 50 fell by 126.00 points, or 0.51%, lower at 24,340.85.

FII and DIIs 

On October 30, 2024, DIIs bought securities worth ₹13,594.06 crore, while FIIs sold securities worth ₹19,522.24 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.80 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

On Wednesday, Brent crude futures gained $1.43, or 2.01%, settling at $72.55 per barrel, while U.S. West Texas Intermediate crude rose by $1.40, or 2.08%, to close at $68.61.

Asian Markets

Asian markets showed mixed results on Thursday. Hong Kong’s Hang Seng index led gains in the region, rising by 0.19%. In contrast, Japan’s Nikkei 225 dipped by 0.47%, with the broader Topix down 0.49%. South Korea’s Kospi led regional declines, falling 1.24%, while the small-cap Kosdaq slipped by 0.20%.

US Markets

U.S. stock markets closed lower on Wednesday. The Dow Jones Industrial Average dropped 91.51 points, or 0.22%, to 42,141.54. The S&P 500 fell 19.25 points, or 0.33%, to 5,813.67, and the Nasdaq Composite lost 104.82 points, or 0.56%, ending at 18,607.93.

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.