Nifty futures have been trading 78 points down at 14,097.50 on Singaporean Exchange, hinting at a gap-down begin for BSE Sensex and Nifty 50 on Tuesday. Spike in COVID-19 instances and runoff elections in Georgia sent the worldwide stocks reduce. Senate runoff in Georgia is most likely to effect the upcoming financial policies of US President Joe Biden. Besides, UK Prime Minister Boris Johnson has announced new restrictions to include the extremely transmissible variant of the deadly virus. Indian share markets are anticipated to break the 9-day winning streak in today’s session. Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd advised investors to adopt shopping for on dips tactic to accumulate high-quality stocks.
Call, Put OI: For the January series, maximum Call Open Interest (OI) is placed at 14,000 strike with 21.08 lakh contracts, with 6,225 fresh get in touch with writings. This is followed by 14,500 with 13.57 lakh contracts. Most Put OI is at 13,500 strike with 20.81 lakh contracts. This is followed by 14,000 strike with 19.38 lakh contracts.
Global stocks tank: Taking cues from the overnight plunge on Wall Street, Asian stock markets have been trading mixed on Tuesday. Japan’s Nikkei 225 declined .17 per cent although the Topix index fell .11 per cent. South Korea’s Kospi shed .38 per cent. While amid upcoming runoff elections in Georgia and the continuous surge in COVID-19 instances, shares on Wall Street ended reduce. The Dow Jones fell 1.27 per cent, the S&P 500 lost 1.49 per cent, although the Nasdaq dropped by 1.48 per cent.
FII and DII information: On Monday, foreign institutional investors (FIIs) lapped up shares worth Rs 1,843.22 crore, although domestic institutional investors (DIIs) offloaded shares worth Rs 715.21 crore on a net basis in the Indian equity marketplace, according to the provisional information readily available on the NSE.
Crude oil costs: Oil costs have been observed tiny unchanged on Tuesday right after OPEC and allied producers like Russia, continued deadlocked talks in February output although fuel demand issues lingered on amid new COVID-19 lockdowns, according to Reuters.
Bulk offers: Through bulk offers, LTS Investment Fund sold 25.20 lakh shares of JMT Auto at Rs 2.96 apiece. While Heritage Foods sold 7.40 lakh shares of Praxis Home Retail at Rs 45 apiece.