Market may open lower; F&O expiry may trigger volatility

Capital Market Capital Market Automatic

SGX Nifty:

Trading could be volatile as traders roll over positions in the F&O segment from the near month January series to February series. The January 2023 F&O contracts will expire today, 25 January 2023. The domestic stock market will remain shut on Thursday, 26 January 2023 on account of Republic Day.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 47 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed on Wednesday, taking the lead from Wall Street's struggle for direction as China and Hong Kong markets remain closed for the Lunar New Year holidays.

US stocks ended nominally lower on Tuesday at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell.

Also Read

Sensex jumps 710 pts, PSU bank stocks advance

Nifty below 18,400 level, PSU bank shares advance

Infosys commits to hire 300 Singaporean workers in next three years

Market may spurt in early trade on firm global cues

Market may open on soft note; RBI policy meeting outcome eyed

Sensex ends almost flat; Nifty ends below 18,150

Quick Wrap: Nifty PSU Bank Index falls 1.36%

Sensex, Nifty end flat after volatile session; broader markets underperform

Sensex, Nifty turn red; auto shares rise for 2nd day

Benchmarks trade with tiny gains; Sensex up 64 pts

The downturn in the US business activity eased slightly in January even as it contracted for the seventh straight month, survey showed on Tuesday. S&P Global said its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, shot off to 46.6 this month from a final reading of 45 in December.

Domestic markets:

Back home, the domestic stock market ended flat after a volatile session on Tuesday. The barometer index, the S&P BSE Sensex added 37.08 points or 0.06% to 60,978.75. The Nifty 50 index ended flat at 18,118.30.

Foreign portfolio investors (FPIs) sold shares worth Rs 760.51 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,144.75 crore in the Indian equity market on 24 January, provisional data showed.

Powered by Capital Market - Live News

First Published: Jan 25 2023 | 9:04 AM IST