What changed for the market while you were sleeping? Here are 20 things to know

Moneycontrol News

The Nifty which opened with a slight gap on the upside rose to a high of 10,237 which was just 14 points short of hitting a fresh record high of 10,251.85. It slipped in morning trade to hit its intraday low of 10,182.40.

The Nifty closed up 22.80 points at 10,207.70 on Tuesday. According to Pivot charts, the key support level is placed at 10,180.8, followed by 10,153.9. If the index starts to move higher, key resistance levels to watch out are 10,236.2 and 10,264.7.

The Nifty Bank closed at 24,222.15 on Tuesday, up 133.25 points. Important Pivot level, which will act as a crucial support level for the index, is placed at 24,072.2, followed by 23,922.2. On the upside, key resistance levels are 24,332.7, followed by 24,443.2.

Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies:

US markets end higher, Dow closes at record high

The Dow rallied on Tuesday, registering its biggest daily percentage gain in more than a month. The Dow Jones Industrial Average rose 167.8 points, or 0.72 percent, to end at 23,441.76, a record-high close. The S&P 500 gained 4.15 points, or 0.16 percent, to 2,569.13 and the Nasdaq Composite added 11.60 points, or 0.18 percent, to 6,598.43, Reuters reported.

Asian shares flat, Nikkei aims for 17th straight gain

Asian shares were trading flat in early trade on Wednesday.  Japan's Nikkei stock index was up 0.5 percent in early trading, on track for an unprecedented 17th straight session of gains after the victory of Prime Minister Shinzo Abe's coalition, Reuters reported.

SGX Nifty

The Nifty futures on the Singaporean stock exchange were trading higher by around 74.50 points at 10298, a rise of around 0.72 percent. While this does not lead to a sure-shot similar move in India, but it does reveal the overall sentiment that the Street is likely to witness.

Windfall for PSU banks: Govt announces Rs 2.11 lakh cr recapitalisation

The government on Tuesday announced a Rs 2.11 lakh crore recapitalisation plan for public sector banks spread over two years in a bid to shore up their finances, boost private investment and revive the economy.

The government will infuse Rs 1.35 lakh crore through recapitalisation bonds and Rs 76,000 crore through budgetary support and market raising. This is part of a broad plan to create thousands of new jobs, raise income, boost investment and quicken growth in the broader economy.

Gujarat Assembly polls: EC likely to announce dates by Friday

The Gujarat Assembly election dates are likely to be announced on Wednesday, reports CNN-News18. A final decision in this regard will be taken on Tuesday night.

Reliance Nippon AMC garners Rs 462 crore

Reliance Nippon AMC on Tuesday raised a little over Rs 462 crore from anchor investors, ahead of its initial pubic offering which opens on Wednesday.

The company's IPO committee has finalised allocation 1,8,360,000 equity shares to 24 anchor investors at Rs 252, which is also the upper price band for the offer, PTI reported.

Sebi bans Milan and Milan International from capital markets

Sebi has barred Milan and Milan International and its present and former directors from the capital markets for at least four years and asked them to refund the money raised from investors without complying with the public issue norms, PTI reported.

GIC Re shares to list on bourses on Wednesday

State-owned General Insurance Corporation of India will make stock market debut on Wednesday after having concluded the Rs 11,370-crore initial public offer (IPO). GIC Re's IPO was oversubscribed 1.38 times during October 11-13. The reinsurance company had fixed the price band at Rs 855-912 for its IPO, PTI reported.

PSU bank capital infusion plan gets thumbs-up from IMF

Stressing that India will have to reform continuously to accelerate growth, the International Monetary Fund (IMF) on Tuesday welcomed the government announcement to up the recapitalisation of state-run banks as a "positive".

"We have a long view that more resources are needed for recapitalisation and from that sense, the plans put out is a positive step," said Andreas Bauer, senior resident representative for the Fund, PTI reported.

44 stocks to report results for Q2 on Wednesday

As many as 44 stocks are likely to report results for Q2 on Wednesday including Coromandel International, Emami, Engineers India, Exide Industries, Geojit Financial Services, HCL Technologies, Hindustan Unilever, IDFC Bank, Kotak Mahindra Bank, M&M Financial Services, Mindtree, NIIT, PI Industries, RBL Bank, Tata Communications, V-Guard Industries, Syngene International etc. among others.

HUL Q2 profit seen up 10%, domestic volume growth may be around 4-5%

Hindustan Unilever's second quarter profit is seen rising 10.5 percent year-on-year to Rs 1,210 crore and revenue may increase 5.8 percent to Rs 8,971 crore.

EBITDA is likely to grow 17.5 percent to Rs 1,649 crore and margin may expand 180 basis points to 18.4 percent compared with same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

HCL Tech Q2 profit seen down 3%, dollar revenue may rise 3.6%

HCL Technologies' second-quarter profit is expected to fall 2.5 percent sequentially to Rs 2,143 crore. Revenue is seen rising 3.5 percent quarter-on-quarter to Rs 12,572 crore and dollar revenue may grow 3.6 percent to USD 1,951 million for the quarter ended September 2017, according to an average of estimates of analysts polled by CNBC-TV18.

Kotak Mahindra Bank Q2 profit seen up 24%

Kotak Mahindra Bank's second quarter standalone profit is seen rising 23.5 percent year-on-year to Rs 1,004.4 crore. Net interest income for the quarter is likely to increase 17.8 percent to Rs 2,350.6 crore compared with Rs 1,995.4 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

NSE bans 8 companies from trading

The derivative contracts of BEML, DHFL, HDIL, Indiabulls Real Estate, Infibeam, Jaiprakash Associates, JSW Energy and Reliance Communications have crossed 95 percent of the market-wide position limit and are currently in the ban period.

Govt hikes wheat MSP by Rs 110/qtl; pulses, Rs 200/qtl

The government on Tuesday increased the minimum support price (MSP) of wheat by Rs 110 to Rs 1,735 a quintal and of pulses by Rs 200 per quintal to help boost the output of these crops and check prices, official sources said.

Mahindra Logistics seeks Rs 3K crore valuation in IPO

Mahindra Logistics Ltd, the logistics arm of automobile maker Mahindra and Mahindra Ltd, on Tuesday said its Rs829.36 crore initial public offering (IPO) will open on 31 October. The logistics company has set a price range of Rs425-429 per share for the IPO, which values it at Rs3,023-3,052 crore. The offer will close on 2 November, Livemint reported.

India seen becoming third largest aviation market by 2025

India is set to become the third largest aviation market one year earlier than originally expected, the International Air Transport Association (IATA) said in a report on Tuesday, Livemint reported.

Oil up 1 percent on Saudi comments

Brent oil rose 1 percent on Tuesday after top exporter Saudi Arabia said it was determined to end a supply glut, while prices also drew support from forecasts of a further drop in US crude inventories as well as nervousness over tensions in Iraqi Kurdistan.

Brent crude settled up 96 cents or 1.7 percent to USD 58.33 a barrel, Reuters reported.

Rupee slips to 1-wk low, down 5 paise on firm dollar demand

The rupee fell back marginally after a mild overnight recovery to end at a fresh one-week low of 65.07, down 5 paise against the US dollar on fresh bouts of demand from the American currency from corporates and banks.

Gold prices dip before Fed chair decision