What changed your market while you were sleeping

A 1 per cent fall in US stocks and its rub off on other Asian markets does not bode well for the domestic market. However, cues from Singapore are optimistic. Let’s check out what all might influence Dalal Street all through the day:

Singapore trading sets stage for positive opening
At 7.45 am, Nifty futures on the Singapore Stock Exchange were trading 46 points, or 0.44 per cent, higher at 10,411.50, indicating a positive opening for the Nifty50 in India.

Nifty50 confirms short-term bearish pattern

The index on Tuesday ended the session below its 100-day moving average to form a small bearish candle on the daily chart. "If Nifty breaks below 10,340, it will cause a further correction in near term in the range of 10,300-10,250 levels. On the upside, the index is expected to face a hurdle in the range of 10,380-10,400 levels," Rajesh Palviya, Head – Technical & Derivatives Analyst at Axis Securities said.

Market-wide rollover at 35%
Market-wide rollovers stood at 35 per cent till Tuesday which were lower than the average rollovers of 37 per cent seen in last three series.Nifty rollovers stood at 30 per cent compared with the average rollovers of 35 per cent seen in the last three series.

Asian stocks drop tracking fall in US markets
Stock markets dipped after a long winning run on Wall Street ended overnight, while the dollar gained momentum on Wednesday as yields on U.S. Treasury debt headed for highs not seen in four years, Reuters reported. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.15 percent. Japan's Nikkei index shed 0.2 percent. Australian stocks were down 0.05 per cent and South Korea's KOSPI index fell 0.4 per cent, the report suggested.

US stocks fall on decline in heavyweights
The Dow and S&P 500 fell on Tuesday to snap a six-session winning streak as a sharp decline in Walmart weighed heavily, but gains in Amazon and chip stocks helped the Nasdaq hold near the unchanged mark. The Dow Jones Industrial Average index fell 254.63 points, or 1.01 per cent, to 24,964.75. The S&P500 index lost 15.96 points, or 0.58 per cent, to 2,716.26 and the Nasdaq Composite index dropped 5.16 points, or 0.07 percent, to 7,234.31.

Rupee drops 58 paise to hit three-month low
On Tuesday, the currency dipped to as low as 64.86. Currency and bond markets were shut on Monday.

The rupee could trade in the range of 64.50 and 65.20 to a dollar in the next few trading days, dealers said. "If the rupee fall continues for the next two-three days, we could be at the starting point of a bigger depreciation in the rupee. We do not see any consolidation in the currency market for now,” said Ashish Vaidya, head of markets for India at Singapore’s DBS Bank.

Jhunjhunwala buys more shares of Spicejet
India’s air passenger growth has become the highest in the world, validating ace investor Rakesh Jhunjhunwala’s interest in the aviation sector. Jhunjhunwala, who has bought shares of all three listed airline entities in the country, bought another 10 lakh shares of SpiceJet last week. The investor first bought shares of SpiceJet in 2012 and did a bulk purchase in November 2014, when the airline was on a downward trajectory that led to it shutting operations for a day in December.

RIL to buy 5% stake in Eros International
In a move that will add heft to Jio’s content strategy, Mukesh Ambani’s Reliance Industries is acquiring 5 per cent stake in NYSE-listed Eros International, holding company of Indian movie company Eros International Media (Eros India). As part of the deal, an overseas subsidiary of RIL will acquire Eros’ shares for $15 a piece, at an 18 per cent premium to the last closing price.