Market Movers: What changed for D-Street while you were sleeping

Foreign portfolio investors (FPIs) bought Rs 467 crore worth of domestic stocks on Thursday.

NEW DELHI: Domestic equity indices are likely to have a cautious start, as investors await results of IT giants Infosys and TCS later in the day.

Let us check out what may move market all through the day:

TRADE SETUP


  • Tech view: Nifty forms Doji candle
    Nifty50 ended Thursday’s lacklustre trade a tad below the 11,600 level. In intra-day trade every selling got bought into, as the index recovered from its 20-day moving average to end up forming a neutral Doji candle on the daily chart. Analysts said the index has been trading in the 11,700-11,550 range for last six days, and breakout could give further direction to Nifty50.



  • FPIs buy Rs 467 crore worth of equities
    Foreign portfolio investors (FPIs) bought Rs 467 crore worth of domestic stocks on Thursday, data available with NSE suggested. DIIs were net sellers to the tune of Rs 16.58 crore, data suggested.


MONEY MARKETS
  • Rupee up: The Indian rupee Thursday climbed 19 paise to close at 68.92 against the US dollar, also marking a third straight session of gains, driven by sustained foreign fund inflows.

  • 10-yr bond yields: India 10-year bonds' yields remained at 7.37% on Thursday, according to RBI data.

  • Call rate: The overnight call money rate weighted average was 5.99% on Thursday, according to RBI data. It moved in a range of 4.60-6.06%.

TOP VIDEO
Stock market in India to benefit from China: Peter Brandt



TOP QUOTE
'If markets fall 5%-10% on non-consensus election verdict, load up on equities'

MACROS


  • 277 startups get angel-tax breather
    As many as 277 startups have got an all clear certificate from income tax department, shielding them from the what has been popularly dubbed as the angel tax, as the government gets cracking with the implementation of the new startup framework. A total of 302 entities had applied for it, said a government official privy to the development.


  • RBI injected Rs 2.98 lakh cr liquidity in 2018-19
    The Reserve Bank of India injected a total liquidity of Rs 2.98 lakh crore in the market in 2018-19, one of its reports said on Thursday. From a daily net average surplus of Rs 27,928 crore during February 1-6, 2019, systemic liquidity moved into deficit during February 7-March 31, reflecting the build-up of government cash balances, the First Bi-monthly Monetary Policy Statement, 2019-20 stated.
  • Auto, groceries skid under NDA, white goods shine
    The average growth rate for daily groceries as well as discretionary items such as cars and two-wheelers were lower under the NDA government compared with the second term of the Congress-led UPA while large electronic goods including televisions, washing machines and refrigerators, on the contrary, logged faster growth. Large electronic products posted higher growth since 2014, revealed data from UK-based researcher Euromonitor International.
In Video: Stock market in India to benefit from China: Peter Brandt
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