Before the bell, 23 Oct
8 overnight items that matter out of 90. Overnight moves that matter: Nasdaq Composite, Nikkei 225, Kospi, Brent crude, Gold, USD/INR, US 10-year yield.
FinMinutes Markets · built from exchange, depository and company data · every number checked against the day's facts
Where we stand
Overnight
Nasdaq Composite −1.57%: Indian IT services tend to take their cue from US tech.
Nikkei 225 −1.91%: Asia is moving with conviction this morning.
Kospi −2.43%: Asia is moving with conviction this morning.
Brent crude +4.74%: India imports most of its oil: oil marketers, paints, aviation, tyres and the rupee feel this.
Gold −2.83%: gold financiers and jewellers.
USD/INR +0.53%: importers, exporters and IT services.
US 10-year yield down 0.16 percentage points: higher US yields tend to pull foreign money out of emerging markets.
| Last | Change | For India today | |
|---|---|---|---|
| Nasdaq Composite | 26,008.86 | −1.57% | matters Indian IT services tend to take their cue from US tech |
| Nikkei 225 | 61,704.31 | −1.91% | matters Asia is moving with conviction this morning |
| Kospi | 5,399.49 | −2.43% | matters Asia is moving with conviction this morning |
| Brent crude | 113.98 | +4.74% | matters India imports most of its oil: oil marketers, paints, aviation, tyres and the rupee feel this |
| Gold | 4,032.50 | −2.83% | matters gold financiers and jewellers |
| USD/INR | 94.81 | +0.53% | matters importers, exporters and IT services |
| US 10-year yield | 4.953 | −16 bp | matters higher US yields tend to pull foreign money out of emerging markets |
| S&P 500 | 7,663.43 | −0.64% | background |
| Dow Jones | 52,867.98 | +0.71% | background |
| Hang Seng | 22,956.93 | +0.10% | background |
| US dollar index | 101.67 | +0.06% | background |
Last available quotes at build time; Asian markets may still be trading.
What changed overnight
In a notable development, UBS Group AG has secured a 4.8% stake in 360 ONE WAM by exercising warrants. This action comes…
Nippon Life India Asset Management Company has obtained in-principle approval from Sebi regarding a settlement case involving mutual fund investments in Yes…
Renuka Ramnath-led Multiples is eyeing its largest fund yet, targeting $1-1.2 billion next year. Having deployed more than half of its previous…
- Changes earningsUBS Group AG acquires 4.8% stake in 360 ONE WAM after exercising warrants
In a notable development, UBS Group AG has secured a 4.8% stake in 360 ONE WAM by exercising warrants. This action comes…
Economic Times ↗ - Changes earningsNippon AMC gets Sebi nod for settlement in Yes Bank AT1 case
Nippon Life India Asset Management Company has obtained in-principle approval from Sebi regarding a settlement case involving mutual fund investments in Yes…
Economic Times ↗ - Changes cash or the balance sheetMultiples gears up for a billion-dollar fundraise next year
Renuka Ramnath-led Multiples is eyeing its largest fund yet, targeting $1-1.2 billion next year. Having deployed more than half of its previous…
LiveMint ↗ - Changes earningsSun Pharma falls short of bond fundraising target amid rising yields
Sun Pharma successfully secured ₹7,816 crore in its latest fundraising round, yet it fell short of its ambitious ₹10,000-crore target. The company…
Economic Times ↗ - Changes earningsThree Iveco investors stand to gain €63 million as Tata Motors races to secure buyout
At Tata’s revised offer price of €14.40 per share, the three investors could make a combined gain of about €63 million, in…
LiveMint ↗ - Changes earningsStocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India
Indian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index saw a decline,…
Economic Times ↗ - Changes earningsIPO-bound companies defer launches to avoid Jio mega issue
The anticipated IPO of Jio Platforms is set to reshape the primary market, prompting several firms to defer their upcoming launches to…
Economic Times ↗ - Changes risk or governanceYes Bank Additional Tier 1 bondholders seek interest payment
The YES Bank AT1 Retail Bond Holders Association cited Companies Act and Sebi obligations in seeking an explanation for non-payment of the…
Times of India ↗
8 of 90 items since the last close changed earnings, cash, risk, a sector or the macro picture. The other 82 were previews, recaps, opinion or repeats.
Today's agenda
Zetwerk IPO lists; Sahajanand Medical Technologies IPO lists; Tonbo Imaging IPO lists; Bonfiglioli Transmissions IPO lists; Core4 Engineer IPO opens; Shellz India IPO lists.
- Zetwerk IPO lists
- Sahajanand Medical Technologies IPO lists
- Tonbo Imaging IPO lists
- Bonfiglioli Transmissions IPO lists
- Core4 Engineer (SME) IPO opens, band ₹88–93
- Shellz India (SME) IPO lists
What would change the read
If FIIs turn net buyers in the cash market, the rally would be getting funded, not just priced; if not, the money still is not following prices.
If more than half of the Nifty 500 closes higher, the move would be broad, not carried by a few heavyweights; if not, gains, if any, would be narrow.
If India VIX closes lower than the day before, demand for protection would be easing; if not, traders would still be paying up for protection.
- IfFIIs turn net buyers in the cash market: the rally would be getting funded, not just priced. If not: the money still is not following prices.
- Ifmore than half of the Nifty 500 closes higher: the move would be broad, not carried by a few heavyweights. If not: gains, if any, would be narrow.
- IfIndia VIX closes lower than the day before: demand for protection would be easing. If not: traders would still be paying up for protection.
Tonight's Close scores each of these.