GIFT Nifty
Trends in the GIFT Nifty show that the Indian index as a whole has started flat, up 15 points or 0.07 percent. The 22,780 mark was where the Nifty futures were trading.
US Exchanges
As investors got started on what looks to be an exciting week full of events, US stocks advanced on Monday while the yen strengthened on rumours of intervention.The S&P 500 gained 16.19 points, or 0.32 percent, to 5,116.15, the Nasdaq Composite climbed 55.18 points, or 0.35 percent, to 15,983.08, and the Dow Jones Industrial Average increased by 147.4 points, or 0.39 percent, to 38,387.06.
Markets in Asia
Tuesday’s gains on Asian markets were mostly expected to follow Wall Street’s actions, as investors watched the release of the China Manufacturing Purchasing Managers’ Index for April.
Shareholders approach NCLT on I-Sec delisting; company notifies exchanges
The delisting of equity shares has been the subject of an application filed by some shareholders of the company with the NCLT (New Delhi), according to an email obtained by ICICI Securities from the NCLT.
For $120 million, the National Stock Exchange will sell Investcorp its digital IT division.
In its largest transaction to date, Bahrain-based Investcorp will pay $120 million to acquire the digital technology services division of India’s National Stock Exchange (NSE), the alternative investment firm announced on Monday.The digital technology division of the biggest stock market operator in India, NSEIT Ltd., provides services in the Middle East, North America, and India in the fields of cybersecurity, digital transformation, and cloud computing.The 10-billion-rupee acquisition, according to Ashish Kumar Chauhan, the company’s managing director and CEO, was consistent with NSE’s objective to concentrate on its core business sectors.The digital examination division of NSEIT, which provides online examinations for hiring and advancement as well as digital upskilling services for corporates, is not included in the agreement.
Yen surges versus the dollar
After hitting a new 34-year low earlier on Monday, the Japanese yen gained as much as 5 yen against the US dollar. Traders attributed this to the first yen-buying intervention by Japanese authorities in 18 months.
Gold Rates
In response to expectations of higher-for-longer US interest rates, gold prices declined on Monday. This week’s Federal Reserve policy meeting and the country’s non-farm payrolls statistics are expected to provide clues about the trajectory of interest rates.The spot price of gold was $2,333.29 per ounce, down 0.2 percent. US gold futures were trading at $2,344.60, down 0.1 percent.
Crude oil
On Monday, the price of oil dropped by more than $1 a barrel as the prospects of an impending interest rate cut were dimmed by US inflation figures and fears of a wider Middle East conflict were reduced by Israel-Hamas truce talks in Cairo.Tuesday is the expiration date for Brent oil futures, and they are currently trading at $88.25 per barrel, down $1.25, or 1.4 percent. At $87.20 per barrel, the more active July contract dropped $1.01, or 1.14 percent.At $82.66 a barrel, US West Texas Intermediate (WTI) futures were down $1.19, or 1.4 percent.
Data from FII and DII
On April 29, preliminary data from the NSE revealed that domestic institutional investors (DIIs) invested in shares worth Rs 692.05 crore, while foreign institutional investors (FIIs) net purchased shares worth Rs 169.09 crore.
NSE stocks prohibited from F&O
The F&O ban list for April 30 has been updated by the NSE to include Biocon, but Vodafone Idea is still included.