Domestic benchmark indices BSE Sensex and NSE Nifty continued to rise for fourth day on Monday on account of firm global cues as investors looked ahead to key central bank meetings this week in the US and Japan for clues on global monetary policies. The 30-share index closed 35.47 points, or 0.12 per cent, up at 28634.50, while Nifty 50 closed 28.55 points up at 8,808.40. ICICI Prudential Life Insurance’s IPO, which hit the capital markets on September 19, was subscribed 16 per cent on the first day of the offer.
Below are 5 things you should know before market opens on Tuesday:
1) Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 19.50 points, or 0.22 per cent, down at 8805.50, indicating a gap-down opening in domestic equity markets.
2) Asian peers were trading mixed in the morning trade. Hang Seng and Shanghai were down by 0.50 per cent and 0.16 per cent, respectively. However, Nikkei was trading higher by 0.41 per cent.
3) US markets ended mostly lower on Monday. Dow Jones Industrial Average closed 3.63 points down at 18,120.17. The Standard & Poor’s 500 index dipped marginally 0.04 points to 2,139.12. The Nasdaq Composite index slipped 9.54 points, or 0.2 per cent, to 5,235.03.
4) Indian rupee closed marginally in green Monday on account of selling of American currency by banks and exporters. The currency closed 1 paise up at 66.97.
5) Crude oil prices declined on Tuesday after Venezuela said that global crude supplies needed to fall by 10 per cent in order to bring production down to consumption levels.