The stock exchange indicates, trading of Nifty 50 index futures on the Singapore market, that the Nifty could go down 30 points at the opening bell. On 16 November 2022, Asian stocks were trading at a low as world leaders gathered in Indonesia and Bali for a second straight day of the Group of 20 summits.

US equities were close to high Yesterday as gains in the Technology, Consumer Services and Oil & Gas sectors propelled shares higher.

The price inflation of US producers went down to its lowest in October 2021. The producer price index rose 0.2 per cent in October’22. On YoY, PPI hit a high of 8 per cent compared to an 8.4 per cent increase in September.

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In the domestic market, equity benchmarks settled with the highest gain Yesterday as autos and bank shares climbed. The barometer index, the S&P BSE Sensex, went up 248.84 points or 0.40 per cent to 61,872.99. The Nifty 50 index added 74.25 points or 0.41 per cent to 18,403.40.

Foreign portfolio investors (FPIs) sold shares, domestic institutional investors (DIIs) worth Rs 221.32 crore and Rs 549.28 crore, respectively, in the Indian equity market Yesterday.