All You Need To Know Going Into Trade On Dec. 24

U.S. stock futures and Asian shares were mixed, while the yen advanced, as investors weighed news over the weekend that President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as well as the impact of a partial U.S. government shutdown.

Stocks slid in South Korea and were flat in Australia. U.S. Treasury Secretary Steven Mnuchin attempted to assure financial markets that Powell would not be ousted from the central bank following a Bloomberg News report that said Trump has repeatedly discussed removing him.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.17 percent to 10,739 as of 6:51 a.m.

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BQLive

Here’s a quick look at all that could influence equities today.

U.S. Market Check

• The sell-off in U.S. stocks deepened Friday with a looming government shutdown adding to investor worries. The S&P 500 had its worst week since August 2011 and the Nasdaq Composite and Nasdaq 100 tumbled into a bear market.

Asian Cues

• Australia’s S&P/ASX 200 Index added 0.2 percent as of 12:10 p.m. in Sydney.
• South Korea’s Kospi index fell 0.4 percent.
• Futures contracts on the S&P 500 rose 0.2 percent. The S&P 500 Index fell 2.1 percent on Friday, while the Nasdaq composite was off by 3 percent that day.
• Futures on the U.K.’s FTSE 100 Index lost 1 percent.

Commodity Cues

• West Texas Intermediate crude slipped 0.2 percent to $45.49 a barrel.
• Gold rose 0.3 percent to $1,260.74 an ounce.

Indian ADRs

Bulk Deals

Fiem Industries

• Morgan Stanley France acquired 1.08 lakh shares (0.82 percent) at Rs 560 each
• Blackrock India Equities (Mauritius) sold 1.31lakh shares (1 percent) at Rs 560.05 each

VA Tech Wabag

• Goldman Sachs India Fund sold 8.7 lakh shares (1.59 percent) at Rs 270.1 each

Apollo Pipes

• Hober Mallow Trust sold 3.1 lakh shares (2.6 percent) at Rs 400 each
• Malabar India Fund acquired 3.1lakh shares (2.6 percent) at Rs 400 each

Arshiya

• MSD India Fund sold 26.91 lakh shares (1.1 percent) at Rs 21.36 each

HealthCare Global Enterprises

• Pabrai Investment Fund sold 21.3 lakh shares (2.15 percent) at Rs 198.05 each
• Sundaram BNP Paribas Mutual Fund acquired 10.9 lakh shares (1.24 percent) at Rs 198.05 each

Omkar Speciality Chemicals

• HDFC Bank sold 1.18 lakh shares (0.57 percent) at Rs 27.24 each

Who’s Meeting Whom

• Greaves Cotton to meet Renaissance Investment Managers and UBS Securities on Dec. 26
• Mahindra Logistics to meet Reliance Life Insurance and Elara Capital from Dec. 24-Jan. 4

Insider Trading

• Gulshan Polyols promoters acquired 37,000 shares from Dec. 5-19.
• Jay Shree Tea & Industries promoter Manav Investment sold 26,700 shares on Dec. 20.
• Jindal Stainless promoter Abhuday Jindal acquired 48,000 shares from Dec. 19-20.

Money Market Update

• Rupee closed at 70.17/$ on Friday versus 69.70/$ on Thursday.

F&O Cues

• Nifty December Futures closed trading at 10,767, with a premium of 13.5 points.
• Maximum open interest for December series call at 11,000 strike value contract (open interest at 59 lakh shares)
• Max open interest for December series put at 10,000 strike value contract (open interest at 48 lakh shares)

Stocks In F&O Ban

• Adani Enterprises
• Adani Power
• Jet Airways

Out of Ban

• Reliance Capital

Put-Call Ratio

• Nifty PCR at 1.28 versus 1.66
• Nifty Bank PCR at 0.86 from 1.24