look news india
gift nifty
GIFT signals the beginning of an uptrend in Nifty in today's trading session. Nifty futures were trading around 25,085.5.
Key levels for Nifty 50:
Support based on pivot points: 25,096, 25,133 and 25,192
Resistance based on pivot points: 24,978, 24,942 and 24,883
global market signals
Global cues are looking good for the market. A jump of 70 points is being seen in GIFT NIFTY. Kospi is trading strongly in Asia. But Nikkei market is closed today. US markets posted record gains on Friday, with the Dow and S&P 500 hitting new highs.
The S&P500 Dow closed at a record high on Friday. The American market remained bullish for the 5th consecutive week. The S&P500 closed above 5800 for the first time. The Nasdaq was just 2% away from a record high.
What did China's Finance Minister say?
The Chinese government will issue a big relief package. The Chinese government will distribute loans in large quantities. The government will also announce support for the property market. Banks will also become financially strong.
JP Morgan is rising
The company presented excellent results in the third quarter. Revenue in Q3 stood at $43.32 billion. Revenue of $41.63 billion was expected.
Wells Fargo boom
Shares rose about 6% on Friday. Profit increased more than expected in the third quarter.
Will rates fall in the US?
Expectations of rate cut in November have increased. 90% expect to see rates of 0.25% in November.
Pressure increased in crude
Crude oil remained under pressure for the second consecutive day. The price of Brent has slipped below $79. WTI is also trading below $75. There is uncertainty in the market regarding demand in China. The market will keep an eye on Israel-Iran tension. The IDF says Hezbollah carried out the drone attack. 4 soldiers killed, 67 injured in drone attack.
Asian market
Today mixed business is being seen in the Asian market. GIFT Nifty is trading with a gain of 8.00 points. At the same time, Nikkei market is closed today. At the same time, an increase of 0.44 percent is being seen in Straits Times. Taiwan markets are trading 0.23 percent higher at 22,954.94. While Hang Seng is seen falling by 2.04 percent at the level of 20,818.31. At the same time, Kospi is trading at 2,613.65 with a gain of 0.64 percent. Meanwhile, Shanghai Composite was trading 6.47 points or 0.20 per cent higher at 3,224.21.
FII and DII statistics
Foreign institutional investors sold Rs 4,926.61 crore in Indian markets on October 12. At the same time, domestic institutional investors purchased Rs 3,878.33 crore on this day.
Upcoming shares in F&O ban
Restricted counterparties under the F&O segment include firms whose derivatives exposure exceeds 95 per cent of the market-wide position limit.
New stock included in F&O ban: Chambal Fertilizer
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank, SAIL, Tata Chemicals
This stock removed from F&O ban: NIL