6 Things to Know Before Market Opens on October 15, 2024

On Tuesday, the Indian stock market indices, Sensex and Nifty 50, are anticipated to open on a flat note amid largely positive global cues.

Previous Trading Session 

On Monday, the Sensex rose by 591.69 points (0.73%) to close at 81,973.05, while the Nifty 50 gained 163.70 points (0.66%) to close at 25,127.95.

FII and DIIs 

On October 14, 2024, DIIs bought securities worth ₹11,597.52 crore, while FIIs sold securities worth ₹13,095.75 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.70 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 continued to drop after reports suggested Israel might refrain from targeting Iran’s oil infrastructure. Brent crude declined by 2.94% to $75.18 per barrel, while U.S. WTI crude futures dropped by 3.07% to $71.56.

Asian Markets

On Tuesday, most Asian markets traded higher, following an overnight rally on Wall Street. Japan’s Nikkei 225 increased 1%, with the Topix up 0.8%. However, South Korea’s Kospi and Kosdaq dropped slightly, by 0.11%. Hong Kong’s Hang Seng index futures pointed to a positive start.

US Markets

On Monday, U.S. stock markets closed higher, with both the S&P 500 and Dow Jones reaching new record levels. The Dow Jones Industrial Average rose by 201.36 points (0.47%) to 43,065.22, while the S&P 500 increased 44.82 points (0.77%) to 5,859.85. The Nasdaq Composite also advanced by 159.75 points (0.87%) to finish at 18,502.69.

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.