Here’s what you need to know before the market opens on October 07, 2021.

Opening Bell: Here’s what you need to know before the market opens on October 07, 2021.

SGX Nifty indicates that the Bulls will make a strong comeback on D-Street.

The fragile global cues were the main culprit which derailed the momentum of the D-Street, however, on Thursday global cues are in the favour of the bulls and as a result, the D-Street bulls seen jumping with joy and this is evident from the fact that SGX Nifty is up by 0.80% or 140 points, indicating Nifty may open around 17,769 levels.

Cues from Asian markets: Mirroring strong cues from Wall Street the Asian Stock markets were seen buzzing on Thursday with Nikkei 225 surging 1.53%, while Hong Kong’s Hang Seng jumped 2%.

Overnight cues from US markets: On Wall Street earlier in the day on Wednesday, the market participants were quite anxious and fear was dominant factor and this was evident as the Dow at point of time in the day had plummeted over 400 points, however, change in fortune was see on Wall Street after Senate Minority Leader Mitch McConnell has offered to allow a temporary extension of the debt limit. As a result, all the three major US Stocks indices ended the day in green with tech-heavy leading from the front as it added 0.5% followed by the S&P 500 and the Dow, which have gained 0.4% and 0.3%, respectively. We can conclude it by saying, ‘All’s well that ends well!’.    

Last session summary: On Wednesday, Indian benchmark indices snapped their two-days winning streak owing to weak global cues. The Nifty and Sensex slipped 0.99% and 0.93%, respectively. Nearly 80% of Nifty components ended in red. India VIX jumped over 5% and ended above the 17-mark.

Among the sectoral indices, all the indices witnessed selling pressure. Nifty Metal lost the most 2.98% followed by Nifty PSU Bank and Nifty Pharma.    

FII’s and DII’s activity on Wednesday: FIIs and DIIs both were net sellers to the tune of Rs 802.81 crore and 998.69 crore, respectively.

Important Corporate events to watch out for: Board Meeting of Gokaldas Exports is scheduled on October 67to consider fund raising.