Insights for the Day Ahead: 10 Key Factors to Understand Before the Market Opens

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Disclaimer: The information provided is for informational purposes only. Gyaanleikh has collected this data without conducting any due diligence for accuracy. Readers are advised to verify the information independently before making any investment decisions.

Market Update: Key Insights for January 19 Opening

The benchmark Sensex and Nifty indices are expected to open flat on January 19, signaling a neutral start for the broader index with a modest gain of 7 points, as suggested by trends in the GIFT Nifty.



Recent Market Performance:

Despite a mid-session pull-back, equity benchmarks closed lower for the third consecutive day on January 18. Bank and IT stocks faced selling pressure amid weak global cues, resulting in the Sensex declining by 313.90 points (0.44 percent) to 71,186.86, and the Nifty dropping by 109.70 points (0.51 percent) to 21,462.30.

Technical Indicators:

The pivot point calculator indicates potential support levels at 21,332, 21,272, and 21,175, with resistance levels at 21,486, 21,586, and 21,683 for the Nifty.

Global Markets Overview:

US Markets: On Thursday, US stocks closed higher, with the S&P 500 nearing record highs driven by optimism in artificial intelligence (AI) sectors, particularly in Nvidia and other chipmakers.

Asian Markets: Asian markets opened higher on Friday, with Nikkei and Kospi each up by more than 1 percent.

Corporate Earnings:

RIL Q3 Earnings: For December 2023, Reliance Industries (RIL) is anticipated to report a consolidated revenue of Rs 2.29 lakh crore, up 6 percent YoY. Consolidated net profit is estimated to be Rs 16,625 crore, reflecting a 7 percent YoY increase.

IndusInd Bank Q3 Results: IndusInd Bank reported a net profit of Rs 2,301 crore for Q3 FY23-24, marking a 17.1 percent YoY rise. The gross non-performing asset (NPA) decreased to 1.92 percent, and net NPA improved to 0.57 percent.

Commodity and Currency Update:

Oil Prices: Oil prices settled higher on Thursday due to strong global oil demand forecasts and disruptions in US crude output amid cold winter weather.

Dollar: The dollar is poised for a second consecutive weekly gain, driven by signs of resilience in the US economy and caution about potential rate cuts from central bankers.

Gold Prices: Gold prices rose on Thursday, supported by safe-haven demand amid Middle East conflicts. Investors awaited clarity on the US Federal Reserve's future interest rate path.

FII and DII Activity:

Foreign institutional investors (FIIs) sold shares worth Rs 9,901.56 crore, while domestic institutional investors (DIIs) bought Rs 5,977.12 crore worth of stocks on January 18.

Stocks Under F&O Ban on NSE:

As of January 19, a total of 13 stocks are under the F&O ban list. Balrampur Chini Mills has been added, while Chambal Fertilisers & Chemicals was removed from the list. The ban continues for Aditya Birla Fashion & Retail, Ashok Leyland, Bandhan Bank, Delta Corp, Hindustan Copper, Indian Energy Exchange, Metropolis Healthcare, National Aluminium Company, Polycab India, PVR INOX, SAIL, and Zee Entertainment Enterprises.

Please note that the information provided here is for reference only, and readers are encouraged to verify details independently before making any financial decisions.

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