Nifty futures have been trading 30 points or .20 per cent down at 14,650.80 on Singaporean Exchange, indicating a adverse opening for BSE Sensex and Nifty 50 on Tuesday. Currently, the 30-share Sensex sits at 48,718 although the Nifty 50 index is at 14,634. Global cues have been positive on Tuesday morning. Investors will continue to watch increasing COVID instances, ongoing inoculation, Q4 final results, rupee movement, oil costs and other international cues.
Global markets: Asian stock markets have been trading larger on Tuesday. Markets in Japan and China have been closed for holidays. South Korea’s Kospi gained .14 per cent although Australia’s S&P/ASX 200 edged .18 per cent up. In overnight trade on Wall Street, the S&P 500 and the Dow indexes ended larger amid a largely upbeat earnings season. The Dow Jones Industrial Average rose .7 per cent, although the S&P 500 gained .27 per cent. The Nasdaq Composite dropped half a per cent.
Technical chart reading: On Monday, Nifty 50 opened with a sturdy gap down but managed to recover all day losses in the second half and closed a day at 14634 with minimal loss, forming a bullish candle on the day-to-day chart. “The overall structure still looks cautious until trading below 14800 zones, on the higher side index, has stiff hurdle at 14720-14800 zone profit booking is suggested around said levels fresh breakout will be only above 14800 zone and good supports are placed at 14550-14500 zone,” stated Rohit Singre, Senior Technical Analyst at LKP Securities.
Q4 final results today: As several as 20 BSE-listed firms like Adani Ports and Special Economic Zone, Alembic Pharmaceuticals, Apollo Pipes, Adani Total Gas, DCM Shriram, EIH Associated Hotels, Greaves Cotton, IIFL Securities, Larsen & Toubro Infotech, Morepen Laboratories, Procter & Gamble Hygiene & Health Care, RBL Bank, Skipper, Suven Life Sciences, and Vikas WSP will release their quarterly earnings on May 4.
Tug of war in between FIIs and DIIs continues: On Monday, foreign institutional investors (FIIs) have been seen promoting Indian stocks worth Rs 2,289 crore, although domestic institutional investors (DIIs), on the other hand, purchased of shares worth Rs 552 crore.
Bill, Melinda Gates finish 27-yr marriage: Bill and Melinda Gates stated on Monday that they have been divorcing immediately after 27 years of marriage. “After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” the two stated in a statement posted on Twitter.