Share Market Updates Today: Indian equity benchmarks are expected to open on a lower note ahead of Reserve Bank of India's monetary policy decision. The Reserve Bank is expected to raise interest rates by 35 basis points bps to 6.25 per cent. Asian markets fell in early deals as Japan's Nikkei fell 0.62 per cent, South Korea's Kospi moved 0.42 per cent lower, China's Shanghai Composite fell 0.24 per cent and Hong Kong's Hang Seng index fell 0.31 per cent. Overnight, all three major US stock indexes dropped sharply. Foreign institutional investors sold a net of 635.35 crore equities on Tuesday, while domestic investors offloaded Rs 558.67 crore worth of shares, according to provisional NSE data.
Early in the day, oil prices were mixed as economic uncertainty and the possibility of higher interest rates pressured prices. Brent crude futures rose by 12 cents, or 0.15 per cent, to $79.47 per barrel, while US West Texas Intermediate crude futures moved 11 cents, or 0.15 per cent, to $74.14. The benchmark Brent crude futures fell below $80 for the second time in 2022.
Dow Jones fell by 1.03 per cent to 33,596. The S&P 500 index fell 1.44 per cent to 3,941 at the end of the session. Nasdaq moved 2 per cent lower to close at 11,014. GNFC, Indiabulls Housing Finance and Punjab National Bank PNB are in the F&O Futures and Options ban period. Stocks are placed under a F&O ban when their securities cross 95 per cent of the market-wide position limit.
Foreign institutional investors FIIs sold 635.35 crore worth of shares, while domestic institutional investors DIIs offloaded Rs 558.67 crore worth of shares on December 6, provisional NSE data showed.
The BSE Sensex had declined 208 points or 0.33 per cent to close at 62,626, while the NSE Nifty had settled 58 points or 0.31 per cent lower at 18,643.
The SGX Nifty's trend indicates a lower opening for domestic markets. The SGX Futures on Singapore Exchange also known as the Nifty Futures on the Singapore Exchange fell 29 points or 0.15 per cent to 18,723.