What changed your markets while you were sleeping

NEW DELHI: Strong F&O rollovers to August series hints at relatively lesser volatility for the benchmark indices ahead on Thursday, but big earnings should rule the market through the day.

Let's check out what all might matter to Dalal Street during the day:

Singapore trading sets stage for positive start
Nifty futures on the Singapore Stock Exchange traded 35 points, or 0.35 per cent, higher at 11,176.50, indicating a positive start for the Nifty50.

Tech view: Nifty50 to find support at 11,100
Analysts believe the 11,100 level should act as immediate support for the index now. The January high of 11,171, also the all-time high for the index, may keep posing an immediate hurdle, they said.

Market-wide F&O rollovers at 63%
The market-wide rollovers till Wednesday stood at 63 per cent against 59 per cent in the last three F&O series. Nifty futures rollover stood at 51per cent against 43 per cent in the last three series. "High rollover coupled with increasing roll spreads is reflective of the fact that expiry specific volatility is likely to be subdued," Edelweiss Securities said.

Asian shares off to positive start
Asian stocks edged higher on Thursday, taking comfort from gains on Wall Street after US President Donald Trump and European Commission President Jean-Claude Juncker agreed to work toward eliminating trade barriers on industrial goods, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent. Australian shares fell 0.4 per cent and Japan's Nikkei stock index was 0.2 per cent lower.

US stocks settled higher
On Wednesday, the Dow Jones Industrial Average index rose 0.68 per cent to 25,414.1, the S&P500 index gained 0.91 per cent to 2,846.07 and the Nasdaq Composite index added 1.17 per cent to 7,932.24, Reuters reported.

Crude prices tick up, gold up
US crude futures ticked up 0.4 percent at $69.54 a barrel. Brent crude LCOc1 was 0.9 per cent higher at $74.61 per barrel. Gold moved slightly higher as the dollar eased. Spot gold globally was traded at $1,233.01 per ounce, the Reuters report suggested.

HDFC AMC IPO fully subscribed on Day 1
The initial public offer of HDFC Asset Management Company was fully subscribed on the first day of bidding itself following robust demand from investors. The mutual fund firm's Rs 2,800 crore public offer received bids for 1,93,96,884 shares against the total issue size of 1,88,04,290 shares, translating into 1.03 times subscription, as per NSE data.

Maruti, ITC Q1 earnings today
ITC, Maruti Suzuki, Bharti Airtel, Dr Reddy's Labs, Yes Bank and Tata Power are among companies that will report their quarterly results on Thursday. Biocon, Colgate-Palmolive, SBI Life, Petronet LNG and Tata Coffee will be other companies scheduled to report their earnings during the day.

SGX, NSE defer arbitration process
Singapore Exchange (SGX) and National Stock Exchange have deferred the arbitration proceedings for the short term, both the exchanges said on Wednesday. Both the exchanges said they have resumed discussions on a potential collaboration in Gujarat International Finance Tec-City (Gift IFSC).

FPIs sell Rs 1,196 cr worth equities
Foreign portfolio investors (FPIs) sold Rs 1,195.75 crore worth of domestic stocks on Wednesday, provisional data available with BSE suggested. DIIs were net buyers to the tune of Rs 98 crore, data suggested.