6 Things to Know Before Market Opens on October 14, 2024

Indian stock market indices, Sensex and Nifty 50, are expected to open higher on Monday tracking gains in global markets.

Previous Trading Session 

In the previous trading session on Friday, the domestic equity market indices closed lower, with the Nifty 50 falling below the 25,000 mark. The Sensex dropped by 230.05 points to finish at 81,381.36, while the Nifty 50 slipped 34.20 points, or 0.14%, to settle at 24,964.25.

FII and DIIs 

On October 11, 2024, DIIs bought securities worth ₹11,906.51 crore, while FIIs sold securities worth ₹10,382.42 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.59  in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Crude Price

Crude oil prices declined following disappointing inflation data from China. Brent crude futures fell by 1.44%, settling at $77.90 per barrel, while U.S. WTI crude futures dropped by 1.43% to $74.48 per barrel.

Asian Markets

In Asian markets, stocks traded higher on Monday ahead of key economic data releases. Japan’s markets were closed for a holiday, but South Korea’s Kospi gained 0.63%, while the Kosdaq index edged 0.43% lower. Futures for Hong Kong’s Hang Seng index indicated a positive opening.

US Markets

In the U.S. markets, stocks ended higher on Friday, with the S&P 500 and Dow Jones achieving record closing levels. The Dow Jones Industrial Average surged by 409.74 points, or 0.97%, to close at 42,863.86, while the S&P 500 rose 34.98 points, or 0.61%, to reach 5,815.03. The Nasdaq Composite increased by 60.89 points, or 0.33%, to finish at 18,342.94.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.