Diwali Muhurat trading today: Here’s what the trading setup looks like – News Air Insight

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Indian markets extended positive momentum, driven by better-than-expected Q2 results from major companies and festival optimism. Positive global cues further bolstered investor sentiment, with easing trade narratives between the US-China and rise in European markets led by defense stocks. In today’s session, trading will be symbolic and brief for an hour or so to mark Diwali.

STATE OF THE MARKETS

Tech View: The technical setup remains positive as long as the index stays above 25,700, below which it may move back into consolidation.

India VIX: India VIX, which is a measure of the fear in the markets, fell 2.3% to settle at 11.36 levels.

MSCI’s index of Asia-Pacific shares outside Japan was trading 0.8 per cent higher

Japan’s Nikkei rose 0.8%

Australia’s ASX 200 gained 0.68%

New Zealand’s DJ rose 0.15%

South Korea’s Kospi was up 0.51%

China’s Shanghai soared 1.20%

Hong Kong’s Hang Seng surged 1.69%

US equities

Dow Jones soared 1.12%

S&P 500 rose 1.07%

Nasdaq surged 1.37%

Dollar climbs 0.05%

The dollar index rose 0.14%

Euro was down to $1.16 USD

Pound edged lower to $1.33 USD

Yen was gained at 151.12 per dollar

Yuan exchanged hands at 7/11 against the greenback

Oil falls

Oil prices fell 0.24%

Brent crude futures were down 0.68%

Stocks in F&O ban today

1) Samman Capital
2) RBL Bank

Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

FII/DII action

Foreign portfolio investors net bought shares worth Rs 790 crore on Monday. DIIs, meanwhile, were net buyers at Rs 2,485 crore.

Rupee

The rupee rose 9 paise to close at 87.93 against the US dollar on Monday, supported by foreign fund inflows and lower crude oil prices.



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