Opening Bell: Here’s what you need to know before the market opens on October 19, 2021.

resr 5paisa Research Team

Last Updated: 19th October 2021 - 08:57 am

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The bull run in the Indian market continued for a seventh consecutive session on Monday, and shows no sign of slowing down today as well.

The Indian markets enjoyed a strong run in the last trading with Nifty and Sensex both closing at a fresh record high. On Tuesday morning, the SGX Nifty is indicating the bull’s buying spree may see no signs of abating as SGX Nifty is trading up by 81 points at 18,567.50 levels. So, it is highly likely that we see a fresh all-time high at the opening bell. Certainly, with the kind of movement we are witnessing in the benchmark indices lately, it's too good to be true! Commanding attention in today’s session would be Nifty FMCG as Nestle and Hindustan Unilever are scheduled to report their earnings today and hence, Nifty FMCG could be in limelight.

Cues from Asian markets: Asian markets were seen trading in green on Tuesday. Hong Kong’s Hang Seng advanced 1.09%, while Japan’s Nikkei 225 and China’s Shanghai Composite rose 0.67% and 0.27%, respectively.

Overnight cues from US markets: On Monday, the tech-heavy Nasdaq and the S&P 500 ended in positive terrain, while the Dow managed to rebound from lower levels, but ended the day marginally below the neutral line. Nasdaq soared 0.8% and it managed to outperform its counterparts. The S&P 500 gained 0.3% and the Dow slipped 0.1%. In the economic news, industrial production declined the most in seven months in September.  

Last session summary: Indian markets continued their up-move for the seventh straight session on Monday with Nifty and Sensex advancing 0.76% and 0.75%, respectively. The broader markets also ended the day in green with Nifty Midcap and Smallcap adding 1.17% and 0.70%, respectively. Among the sectoral indices, Nifty PSU Bank and Metal were the top two gainers. On the flipside, Nifty Pharma and Media were top losers. 

FII’s and DII’s activity on Monday: The same trend has been witnessed for the third straight day in the flow from FIIs and DIIs. The DIIs continued to be the net sellers to the tune of Rs 1,703.87 crore, while on other hand, FIIs were net buyers to the tune of Rs 512.44 crore.

Important events to watch out for: On the earning front, Hindustan Unilever and Nestle will be in focus.

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