Domestic stock markets are set to start the new week on a muted note amid mixed signals from global peers. Asian markets were trading on a lackluster note during the early hours of Monday, while US stocks gained on Friday but were closed to trading for the Independence Day break. Back home, investors await the first-quarter earnings season, which kicks off on July 8, with results from the IT major. Here are the pre-marketing actions:

STATE OF THE MARKETS


SGX Nifty reports flat start
Nifty futures on the Singapore Stock Exchange traded 15.5 points, or 0.10%, at 15,729, signaling that Dalal Street was heading for a flat start on Monday.

  • Technical view: Nifty50 formed a hammer-shaped candle on the daily chart on Friday. On the weekly scale, it made a bearish candle with a long lower wick. Analysts said the index is in a consolidation range, where it has strong support in the 15,500-15,600 range and hurdle in the 15,900-950 range.
  • India VIX: The Fear Gauge fell 3% to the 21.25 level on Friday from its close at 21.84 on Thursday.

Asian stocks opened mixed
Asian stocks opened lackluster. Some markets opened higher on Monday as investors cheered on Wall Street’s gains while remaining cautious about the economic impacts of inflation, while others were lower as traders returned from a long weekend. end to make up for losses across Asia. at the end of last week, with fears of a recession being the main selling driver. The MSCI Asia-Pacific ex-Japan equity index was down just 0.06%.

  • The Japanese Nikkei advanced 0.57%
  • Australia’s ASX 200 gained 1.23%
  • The New Zealand DJ jumped 0.95%
  • South Korean Kospi loses 0.31%
  • Shanghai in China fell 0.10%
  • Hong Kong’s Hang Seng fell 0.82%

US stocks stabilized higher
Wall Street stocks shrugged off early weakness on Friday to secure solid gains as markets attempt to pivot after a dismal first half of 2022 dominated by inflation concerns. Stocks spent much of the morning in the red, absorbing an industry survey showing slowing growth in the manufacturing sector.

  • The Dow Jones gained 1.05% to 31,097.26
  • The S&P 500 jumped 1.06% to 3,825.33
  • The Nasdaq advanced 0.90% to 11,127.85

The dollar is holding up
The dollar kept trade-sensitive currencies near multi-year lows on Monday and the euro was under pressure as investors sought safety on worries about slowing global growth.

  • The dollar index stood at 105.1
  • The euro remained stable at $1.0435
  • The British pound fell to $1.1976
  • The yen was in trouble at 134.81
  • The yuan traded hands at 6.7021 against the greenback

Oil prices slide
Oil prices fell in early Asian trading on Monday, paring gains from the previous session as fears of a global recession weighed on the market even as supply remained tight amid falling oil production. OPEC, unrest in Libya and sanctions against Russia.

Brent crude futures fell 35 cents, or 0.3%, to $111.28 a barrel at 0016 GMT. U.S. West Texas Intermediate (WTI) crude futures also fell 32 cents, or 0.3%, to $108.11 a barrel.

FII sell shares worth Rs 2,325 cr

Net-net, Foreign Portfolio Investors (REITs) became sellers of domestic equities to the tune of Rs 2,324.74 crore, according to data available with NSE. However, DIIs remained net buyers at Rs 1310.71 crore, according to the data. REITs sold Indian shares worth Rs 50,203 crore in June – the highest net outflow in more than two years.

F&O stocks are banned today
No stocks are under the F&O ban for Monday July 4th. Blackout securities under the F&O segment include companies in which the security has exceeded 95% of the market-wide position limit.

Major bank frauds are on the decline
Fraud in the banking sector involving sums of more than Rs 100 crore has dropped significantly, with banks reporting cases worth Rs 41,000 crore in 2021-22 compared to Rs 1.05 lakh crore the previous year.

According to official data, the number of fraud cases in private and public sector banks fell to 118 in FY22 from 265 in FY20-21.

MONEY MARKETS

Rupee: After a five-game losing streak, the rupiah rebounded from its all-time low to close 12 paises higher at 78.94 against the US dollar on Friday amid government efforts to curb gold imports and controlling the current account deficit.

10-year bonds: Indian 10-year bonds fell 0.35% to 7.42 after trading in the 7.38-7.43 range on Friday.

Call rates: The weighted average overnight money rate stood at 4.75% on Thursday, according to RBI data. It evolved within a range of 3.25 to 5.10%.

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