On Tuesday, October 22, 2024, the benchmark indices, Sensex and Nifty 50 are likely to start a flat session as SGX Nifty traded almost flat at 24,800, up 0.08% at 07:35 AM.
On October 21, 2024, the Indian securities market traded under pressure as investors continued to book profit at higher levels amid the ongoing Q2 earnings season. The Sensex slipped 73.48 points, or 0.09%, to close at 81,151.27, while the Nifty 50 ended 73 points, or 0.29% lower at 24,781.
On October 21, 2024, DIIs bought securities worth ₹3,225.91 crore, while FIIs sold securities worth ₹2,261.83 crore.
Nifty’s PCR has shifted to 0.59 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.
In energy markets, Oil prices settled up nearly 2% after a more than 7% drop last week. Brent crude futures settled up 1.68% at $74.29 a barrel, while US West Texas Intermediate crude futures were 1.94% higher at $70.56 a barrel. On the metals front, Gold prices surged to a record high on Monday and were little changed at $2,719.33 an ounce. US gold futures settled 0.3 % higher at $2,738.9.
After a mixed overnight performance on Wall Street, Asia-Pacific markets were largely down Tuesday. The S&P/ASX 200 index for Australia was down 1.3%. The Kospi in South Korea fell 1.2%, while the Kosdaq, its small-cap counterpart, fell 2%. The broad-based Topix was trading 0.79 % lower, and Japan’s Nikkei 225 was down 1.24% as well. The CSI300 was down 0.32 % and the Shanghai Composite was down 0.1% in China, but the Hang Seng in Hong Kong was up 0.6%.
The Dow and benchmark S&P 500 ended the day lower, with conservative stocks like healthcare and real estate being the main drags. Nvidia finished at a record high, and the Nasdaq closed marginally firmer ahead of a busy week for corporate earnings. The Nasdaq Composite increased 0.27% to 18,540.01, the S&P 500 dipped 0.18% to 5,853.98, and the Dow Jones Industrial Average dropped 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.
Published on: Oct 22, 2024, 10:54 AM IST
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