What changed your markets while you were sleeping

US President Donald Trump does not think the trade issues with China can be settled in a hurry, and he wants the Fed to do more to boost the US economy. These mixed set of cues, following a recent rally in domestic stocks on Monday, could trigger a consolidation on Dalal Street.

Let's check out what all might matter to Dalal Street during the day:

Singapore trading sets stage for positive start
Nifty futures on the Singapore Stock Exchange were trading 8 points, 0.07 per cent, higher at 11,592, indicating a positive start for the Nifty50.

Tech view: Nifty breaks 9-day consolidation
The Nifty50 made strong gains on Monday as its supports shifted higher. The index broke a nine-day consolidation pattern and formed a bullish candle on the daily chart. It is poised to advance further in the coming sessions should the bears fail to drag it below the 11,470 level.

RBI changes rupee stance
While the central bank’s stated position has been that it would step in to curb volatility, the RBI was conspicuous by its ‘handsoff’ approach on days the rupee fell precipitously. On the day the rupee plunged to a new record low in five years, RBI only sold dollars modestly, unwilling to support the local unit when emerging market currencies faced a collective rout.

Trump demands Fed help
US President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the US central bank should do more to help him to boost the economy, Reuters reported.

Asian shares mixed
Asian stocks were capped and the dollar dipped on Tuesday after US President Donald Trump accused China and Europe of manipulating their currencies and said he was “not thrilled” with the Federal Reserve for hiking interest rates. Australian stocks lost 0.7 percent, South Korea's KOSPI nudged up 0.1 per cent and Japan's Nikkei fell 0.6 per cent.

Oil extends overnight rise
Oil prices extended their overnight rise, with US crude futures up 0.33 per cent at $66.65 per barrel. Crude rose on Monday after weeks of declines, as investors grew more concerned about an expected fall in supply from Iran due to US sanctions.

Trump has little expectation from trade talks
US President Donald Trump does not expect much progress from trade talks with China this week in Washington, he told Reuters on Monday. Trump said in an interview that he had “no time frame” for ending the trade dispute with China, which threatens to impose tariffs on virtually all goods traded between the world’s two largest economies.

US stocks end higher
The Dow Jones Industrial Average index rose 89.37 points, or 0.35 per cent, to 25,758.69, the S&P500 index gained 6.92 points, or 0.24 per cent, to 2,857.05 and the Nasdaq Composite index added 4.68 points, or 0.06 per cent, to 7,821.01, Reuters reported.

FIIs sell Rs 483 cr worth equities
Foreign portfolio investors (FPIs) sold Rs 483.04 crore worth of domestic stocks on Monday, provisional data available with BSE suggested. DIIs were net buyers to the tune of Rs 593 crore, data suggested.