Market Movers: Top 10 things to know before markets open for trading on Thursday

In the domestic market, the S&P BSE Sensex saw a cut of over 450 points on Wednesday while the Nifty50 closed below 18300-level. However, most stock indexes worldwide rose as the Dow Jones Industrial Average touched a record intraday high as more companies reported earnings that beat analysts’ expectations, while oil prices jumped.

In the U.S. Treasury market, long-dated yields rose after a weak auction of 20-year notes. Source: PTI

Selling pressure from foreign and domestic investors pushed benchmark indices lower on Tuesday. The S&P BSE Sensex saw a cut of over 450 points while the Nifty50 closed below 18300-level.

"Sharp selloff continued in the index for second consecutive day and closed a day at 18267 with loss of nearly one percent forming a bearish candle again on the daily chart,” Rohit Singre, Senior Technical Analyst at LKP Securities said.

He added, “The index has reached to the good support zone of 18200-18140 if managed to hold above-said levels we may see some swift pullback so said levels will be buying area with overall stop out level of 18100 zone and on the higher side strong hurdle is formed near 18350-18450 zone, fresh move in the index may witness only if sustain above 18450 zone"

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Stay tuned to Zeebiz.com to find out what could impact your trade today. We have collated a list of top 10 news points which could impact markets, companies, or economy:

Global Markets

Most stock indexes worldwide rose on Wednesday and the Dow Jones Industrial Average touched a record intraday high as more companies reported earnings that beat analysts’ expectations, while oil prices jumped.

The Dow Jones Industrial Average rose 152.03 points, or 0.43%, to 35,609.34, the S&P 500 gained 16.56 points, or 0.37%, at 4,536.19 and the Nasdaq Composite dropped 7.41 points, or 0.05%, to 15,121.68.

The pan-European STOXX 600 index rose 0.32% and MSCI’s gauge of stocks across the globe gained 0.38%.

In the U.S. Treasury market, long-dated yields rose after a weak auction of 20-year notes.

Asian Markets

The Nikkei 225 in Japan opened with a negative bais as it lost 0.14% to trade at 29,215.61 points while Hang Seng Index lost 0.081% at 7.30 am IST.

SGX Nifty

SGX Nifty is trading flat at 18,340-level at 7.30 am IST.

EPFO adds 14.81 lakh net subscribers in Aug

Retirement fund body EPFO net added 14.81 lakh subscribers in August 2021, reflecting a growing trend in net payroll for the first five months of this fiscal.

The provisional payroll data of Employees' Provident Fund Organisation (EPFO) released on Wednesday highlights that it added around 14.81 lakh net subscribers during the month of August 2021, a labour ministry statement said.

The data reflects a growing trend in net payroll for the first five months of the current financial year, it added.

RBI imposes Rs 1 cr penalty on Paytm Payments Bank

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL) for non-compliance of certain provisions of the directions contained in the Master Direction on Money Transfer Service Scheme (MTSS Directions) dated February 22, 2017, a media release issued by the banking regulator said.

The banking watchdog also imposed a fine of Rs 27.78 lakh on Western Union Financial Services Inc (WUFSI), a Money Transfer Service - cross-border in-bound service (customer to customer only) operator, the release said.

Rupee climbs 47 paise to close nearly 2-week high

Rupee climbed 47 paise to close at a near two-week high of 74.88 against the dollar on Wednesday helped by easing global crude oil prices and a rising appetite for riskier assets. Losses in the equity markets, however, did pressure the rupee, forex dealers told news agency PTI.

Oil prices fell 0.83 per cent to $83.47/barrel after reports that the Chinese government was planning steps to rein in high coal prices and improve supplies. Higher oil prices had created apprehension about inflationary pressures and high forex outflows from the country. This weighed on the local currency last week.

GJEPC expect gold imports to rise further

The country’s gold imports are expected to grow further in the coming months on account of peak demand due to festive and wedding seasons, Gems and Jewellery Export Promotion Council (GJEPC) said on Wednesday.

Gold imports, which have a bearing on the current account deficit, zoomed to about $24 billion during April-September 2021.

The council said that the imports have witnessed a fluctuating trend during the last six months and have come at par with the statistics of the pre-covid years.

TRAI data on telecom subscribers

India's largest telecom operator Reliance Jio gained 6.49 lakh mobile users in August leading the subscriber addition tally, ahead of Bharti Airtel which added 1.38 lakh users, according to the TRAI data released on Wednesday.

In contrast, Vodafone Idea lost 8.33 lakh subscribers during August, although its losses were less than July.

Jio continued to outpace rivals in subscriber gains, adding 6.49 lakh wireless users in August, as its mobile base swelled to 44.38 crore. Sunil Mittal-led Bharti Airtel onboarded 1.38 lakh users during the month, taking it overall wireless subscriber count to 35.41 crore.

Retail inflation for farm eases to 2.89% in Sept

Retail inflation for farm workers and rural labourers eased to 2.89 per cent and 3.16 per cent, respectively, in September, mainly due to lower prices of certain food items.

"Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers and CPI-RL (Consumer Price Index-Rural Labourers) stood at 2.89 per cent and 3.16 per cent in September 2021 compared to 3.90 per cent and 3.97 per cent respectively in August 2021," the labour ministry said in a statement.

FII & DII Data

Foreign portfolio investors (FPIs) remained net sellers for Rs 1843.09 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net sellers to the tune of Rs 1680.73 crore, provisional data showed on the NSE.

Stocks under F&O ban on NSE

Ten stocks – Amara Raja, Escorts, Idea, IRCTC, L&T Finance, NALCO, PNB, SAIL, Sun TV and Tata Power - are under the F&O ban. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.

(With inputs from PTI, Reuters and other agencies)

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

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