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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bulls paced Dalal Street amid strong global cues coupled with a weaker dollar. NSE Nifty 50 rallied over 320 pts to trade above 18,350 levels, closing at 18,349. BSE Sensex advanced over 1180 points to touch the 61,800 mark intraday, ending at 61,795. Broader markets jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed over 1% each. All sectors traded firmly in green with Nifty IT index rising up over 2%. Japan’s Nikkei 225 jumped more than 2% in early trade, while South Korea’s Kospi gained more than 3%. Over in the US, the S&P 500 climbed 5.54%, the Nasdaq gained 7.35%, while Dow Jones Industrial Average rose 3.7% on Thursday.
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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates 11 November Friday
16:01 (IST) 11 Nov 2022 Top Gainers and Losers
Among the top gainers today, the HDFC twins rose over 5% each. The Nifty IT index gained over 1.7% today, with Infosys up 4.5%, Tech M, HCL Tech and TCS all up over 3.4% each. Among the top losers, Eicher Motors ends 4.9% down while Hero Motocorp ends down 1.7%.
15:45 (IST) 11 Nov 2022 Closing Bell: Broader Indices end in the green
As the bulls took charge of D-Street today, Sensex ends up by 1180 points, while Nifty closes at 18,350, after touching a fresh 52 week high of 18,362 intraday.
14:29 (IST) 11 Nov 2022 Nifty tops 52-week high
Nifty50 hits fresh 52-week high at 18,353 points, up 1.7% today.
12:48 (IST) 11 Nov 2022 Nifty, Sensex 1% shy of all-time highs, should you buy or wait for dips? Here’s near-term market outlook
Dalal Street bulls pushed domestic benchmark indices higher on Friday. While Sensex surged over 1000 pts to fresh 52-week high, NSE Nifty 50 traded above the 18,300 level. Both benchmark indices are now 1% shy of touching their all-time highs. “From the last couple of trading sessions, the market was in a cautious mood and was waiting for a crucial US inflation print for October. On the positive side, the inflation print was cooler than the expected number triggering a rally in equity markets, across the world, including our domestic market,” said Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS. Analysts believe that the near-term trend is positive and Nifty may touch 19,000 soon.
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12:27 (IST) 11 Nov 2022 These six companies are now part of the MSCI India Standard Index
ABB India, Bajaj Holdings, Indian Hotels, Tube Investments, TVS Motor, and Varun Beverages will now be part of the MSCI India Standard Index, as per the MSCI semi-annual review. MSCI has not excluded any stock from the India Standard Index, contrary to street expectations that the index may exclude stocks like Indraprastha Gas and Biocon, post their recent underperformance.
12:16 (IST) 11 Nov 2022 Gold Price Today, 11 Nov 2022: Gold, silver rates jump despite weak global trends; check support, resistance
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate and silver rate were trading in the positive territory in India on Friday despite weak global trends. On Multi Commodity Exchange, gold December futures were ruling at Rs 52,315 per 10 gram, up Rs 206 or 0.40 per cent. Silver December futures were trading Rs 568 or 0.9 per cent up at Rs 62,479 per kg. Read full story
12:11 (IST) 11 Nov 2022 Bank Nifty tops 42,200
The Bank Nifty index extended gains in noon trade, making an intraday high of 42,250, after hitting 42,000 for the first time ever today morning.
Live Price Updates: Bank Nifty
11:51 (IST) 11 Nov 2022 Long-term investors should keep making investments
“The Bank Nifty now exceeds 42000 all time high, and the Nifty and Sensex both increase by 1.5%. According to the current situation, inflation was the main worry, but new US CPI figures reveal that the inflation rate slowed down more than was forecasted in October. The US Federal Reserve may slow the pace of rate hikes in the future as a result of this report, which is the primary driver of the market today. Although the market reached a new high today, this does not necessarily indicate that the market has peaked and a correction is on the horizon. On long term charts, both the Nifty50 and the Bank Nifty are strongly positive and can continue their upward path. Long-term investors should keep making investments; making investments now would also be a better choice for them.”-Rameshver Dongre, Research Analyst – Equity Research, CapitalVia Global Research
11:45 (IST) 11 Nov 2022 HDFC Stock recommendation
Breakout today from last 15 days of consolidation
Strong Volumes in Cash & Futures = Already surpassed yesterday’s volumesShortcovering seen in FuturesLooks good for target of 2300 in the next 8-10 days; SL at 2060
-Rahul Sharma, Head-Research, JM Financial Services
11:23 (IST) 11 Nov 2022 Overall structure of Nifty and Sensex bullish
“Bank Nifty is outperforming and respecting its 9-DEMA beautifully. It is likely to open above the psychological hurdle of 42000 which may lead to a move towards 42500/43000 levels. On the downside, 41800-41700 will be the immediate support zone after a gap-up opening. The overall structure of both Nifty & Sensex is bullish. So, Investor has to invest in the market for riding the 19000+ levels in the near term.”-Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
11:22 (IST) 11 Nov 2022 Nifty may move towards 18500-18600
“On the Thursday trading session, US stock markets closed on the higher side, as investors reacted to the Inflation data which comes below expectations (Previous: 8.2% Actual: 7.7%) therefore US fed might become less aggressive with Interest rate hikes in the next meet. Nifty manages to sustain above the 18350 level after a gap-up opening then we can expect a move towards 18500/18600 levels. On the downside, 18200-18150 will be an immediate demand zone after a gap-up opening.”-Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
11:21 (IST) 11 Nov 2022 Petrol, Diesel Price Today, 11 Nov 2022: Fuel cost unchanged; Check rates in Delhi, Mumbai, other cities
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel remained unchanged on 11 November 2022 (Friday), keeping costs steady for nearly four months now. The petrol rate and diesel rate in Delhi are at Rs 96.72 and Rs 89.62 per litre, respectively. In Mumbai, petrol is retailing at Rs 106.31 per litre and diesel at Rs 94.27 per litre. The last country-wide change in fuel prices came on 21 May this year, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. Read full story
11:16 (IST) 11 Nov 2022 Nykaa shares surge 20%
Shares of Nykaa owner FSN E-Commerce Ventures surged by 20% to Rs 224.65 on the BSE in Friday’s intra-day trade after foreign portfolio investors (FPIs) acquired stake in the company via open market on Thursday. On 10 November, investor Narotam S Sekhsaria offloaded 14.7 million equity shares of Nykaa at a price of Rs 173.70 via block deals on the BSE, exchange data showed. Aberdeen Standard Asia Focus Plc (4.27 million), and Norges Bank on account of Government T Petroleum Fund (3.98 million) bought a combined 8.25 million shares of the company via block deals.
11:12 (IST) 11 Nov 2022 Indices extend gains
Sensex is up 1,029.98 points or 1.70 percent at 61,643.68. Nifty is up 289.10 points or 1.60 percent at 18,317.30
11:11 (IST) 11 Nov 2022 Nifty, Sensex jump 1.5%, Bank Nifty tops 42000 for 1st time; here’s what is fueling Friday’s market rally
Benchmark indices BSE Sensex and NSE Nifty 50 soared over 1.5% on Friday and Bank Nifty topped 42000 mark for the first time ever as bulls raged on Dalal Street, powered by a much-awaited ease in US retail inflation. Following a global market rally, the BSE Sensex surged 1,072 points to scale a new 52-week high of 61,685 points, while the NSE Nifty jumped 304 points to 18,332 (near its 52-week high of 18,351). Both frontline indices are now only around 1% away from reclaiming their all-time highs of 62245.43 and 18,604.45, respectively. “The overall structure of both Nifty & Sensex is bullish. So Investor has to invest in the market for riding the 19000+ levels in the near term,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart.
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10:23 (IST) 11 Nov 2022 Weak dollar, appreciating rupee power Dalal Street bulls
As the US CPI cooled off in October after touching 40-year highs this year, the dollar index slumped to 108 on Thursday night. Consequently, the Rupee opened at a 7-week high of 80.71 on Friday with a 110-paise gain, the highest opening gain since September 2013.
10:22 (IST) 11 Nov 2022 Turnaround in foreign investor sentiment fuels market rally
A firm turnaround in foreign investor sentiment after a disappointing month of September is lending strength to domestic share market. In October, FPIs bought shares worth nearly Rs 8,430 crore against net selling of Rs 13,405 crore in September. For the first 10 days of November too, investors have pumped Rs 546 crore into the cash market.
10:21 (IST) 11 Nov 2022 What’s pulling indices higher today?
Retail inflation in the US rose by a less-than-expected 0.4% for October and 7.7% from a year ago, which was its lowest annual increase since January this year. Investors turned bullish overnight following the release of the data as they expected inflation to have peaked out as this could prompt the US Fed to slow down rate hikes. US equities jumped the most since March 2020 with the Nasdaq rallying over 7 per cent on Thursday. The Dow and S&P 500 surged 3.7 per cent and 5.5 per cent, respectively. In Asia, Hang Seng led gains, rising 6 per cent.
10:19 (IST) 11 Nov 2022 Nifty Bank crosses 42,000-mark for the first time ever
Bank Nifty index soared 455 pts or 1.09% to surpass 42000 level for the first time ever.
10:14 (IST) 11 Nov 2022 Nifty, Sensex holding firm gains
The Sensex was up 984.72 points or 1.62% at 61598.42, and the Nifty was up 276.60 points or 1.53% at 18304.80.
10:09 (IST) 11 Nov 2022 Stellar debut for DCX Systems, stock lists with 38% premium
Electronic sub-systems and cable harness company DCX Systems made a bumper debut on the bourses on November 11, listing with a massive 38 percent premium.
The share opened at Rs 286.25 apiece on the BSE, while the listing price on the National Stock Exchange was Rs 287. The Rs 500 crore IPO had received stellar response from investors. It was subscribed 69.79 times, with retail investors bidding for 61.77 times the allocated quota and non-institutional investors bidding 43.97 times. The portion reserved for qualified institutional buyers (QIBs) was subscribed 84.32 times.
10:04 (IST) 11 Nov 2022 New record for the Nifty is only a question of when
“It was well known that the crucial US inflation numbers for October will sway the market either up or down depending on the trajectory of inflation. Now that the inflation print – both CPI and core- has come below expectations, the direction of the markets is a foregone conclusion. Since the CPI and core print indicate moderation of inflation, it is probable that the Fed might pause after one more hike of 50 bp. This is good news for global equity markets. Since dollar is weakening, FIIs are likely to increase their buying, and with Monthly SIP figure crossing Rs13000 crores, DIIs will have to deploy the inflows. In brief, it is Advantage Bulls for the near-term. New record for the Nifty is only a question of when.”-VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
09:43 (IST) 11 Nov 2022 Results Today
Hindalco Industries, Mahindra & Mahindra, Life Insurance Corporation of India, ABB India, Adani Power, Alkem Laboratories, Alembic Pharmaceuticals, Ashoka Buildcon, Astral, Astrazeneca Pharma India, Bharat Dynamics, BHEL, Delhivery, Dhani Services, Easy Trip Planners, Emami, Exide Industries, Fortis Healthcare, GSK Pharma, Glenmark Pharma, Hindustan Aeronautics, Ipca Laboratories, Lemon Tree Hotels, Pfizer, Sun TV Network, Thermax, Ujjivan Financial Services, Zee Entertainment Enterprises etc.
09:33 (IST) 11 Nov 2022 Zomato surges 12% as Q2 loss narrows
Zomato shares surged 12% as the food delivery giant’s net loss narrowed to Rs 251 crore in Q2FY23 from loss of Rs 430 crore in Q2FY22, buoyed by strong top line and operating performance. Revenue from operations climbed 62% on-year to Rs 1,661 in Q2FY23, whereas EBITDA loss narrowed to Rs 311 crore in Q2FY23 from loss of Rs 536 crore, in the year-ago period.
09:31 (IST) 11 Nov 2022 Eicher Motor shares fall 3% in a firm market
Eicher Motors shares fell around 3% after the automaker recorded 76% on-year growth in profit to Rs 657 crore for Q2FY23, backed by strong operating and top line performance. Revenue from operations, too, surged 56.4% on-year to Rs 3,519 crore and EBITDA was up 75% on-year to Rs 821.4 crore in Q2FY23.
09:30 (IST) 11 Nov 2022 Nifty Futures & Bank Nifty Futures Key Levels
Nifty Futures – Resistances 18180-18250; Supports 18000-17900
Banknifty Futures – Resistances 41900-42100; Supports 41450-41200
-Globe Capital
09:29 (IST) 11 Nov 2022 Derivatives Overview & Outlook
Yesterday, Nifty futures added around 1.5% of open interest as short buildup whereas Banknifty future shed around 3.5% of open interest as long unwinding. Majority of F&O sectors settled lower. Amongst them, Chemicals, Power and Cement stocks witnessed maximum addition of short positions. On options front, Nifty started the new weekly contracts with maximum positions at 19000 CE and 18000 PE.
09:21 (IST) 11 Nov 2022 Nifty gainers, losers
Tech Mahindra, Wipro, Infosys, HCL Technologies and Apollo Hospitals were among major gainers on the Nifty, while Eicher Motors and Hero MotoCorp were the losers.
09:21 (IST) 11 Nov 2022 Sensex near 61,500; Nifty tips 18250
The Sensex was up 827.54 points or 1.37% at 61441.24, and the Nifty was up 241.00 points or 1.34% at 18269.20.
09:18 (IST) 11 Nov 2022 Nifty, Sensex surge on open
Indian benchmark indices opened gap-up with Nifty above 18,250 on the back of positive global cues post amid slowing US inflation
09:16 (IST) 11 Nov 2022 Crude oil support at $84.20–83.30 and resistance at $86.90–87.80
” Moderating U.S. CPI data coupled with the fall in dollar index and the bond yields supported global commodities, including crude oil. We expect crude oil prices to remain volatile in today’s session amid fluctuation in the dollar index and international oil prices. Natural gas prices are also highly volatile which would further intensify volatility in crude oil. Crude oil is having support at $84.20–83.30 and resistance at $86.90–87.80 in today’s session. In INR terms crude oil has support at Rs6,920-6,840 while resistance is at Rs7,180–7,310.”- Rahul Kalantri, VP Commodities, Mehta Equities
09:12 (IST) 11 Nov 2022 Reliance Securities Intraday Picks
KOTAKBANK (PREVIOUS CLOSE: 1912) BUY
For today’s trade, long position can be initiated in the range of Rs 1895- 1912 for the target of Rs 1945 with a strict stop loss of Rs 1880.
MUTHOOTFIN (PREVIOUS CLOSE: 1105) SELL
For today’s trade, short position can be initiated in the range of Rs 1125- 1135 for the target of Rs 1105 with a strict stop loss of Rs 1145.
TATASTEEL (PREVIOUS CLOSE: 105) BUY
For today’s trade, long position can be initiated in the range of Rs 103- 104 for the target of Rs 107 with a strict stop loss of Rs 102.
09:11 (IST) 11 Nov 2022 Asia stocks surge
Asian shares spiked higher while the dollar nursed steep losses after a smaller-than-expected increase in U.S. consumer prices fuelled hopes that the Federal Reserve could tone down its aggressive pace of interest rate hikes. MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 3.72%. Australia’s S&P/ASX 200 index climbed 2.43% and Japan’s Nikkei rose 3%.
09:11 (IST) 11 Nov 2022 Indices surge in pre-open
Benchmark indices surged in pre-open session. Sensex jumped 700 points, while Nifty soared 240 pts or 1.35% to top 18250 level.
09:09 (IST) 11 Nov 2022 Rupee opens higher
Indian rupee opened at 7-week high at 80.68 per dollar. It gained 113 paise versus Thursday’s close of 81.81.
09:03 (IST) 11 Nov 2022 Nifty, Bank Nifty levels to watch for
“Benchmark Indices are expected to open on a positive note as suggested by trends on SGX Nifty. On the technical front 18150 and 18450 are immediate support and resistance in Nifty 50. For Bank Nifty 41500 and 42600 are immediate support and resistance respectively.”-Mohit Nigam, Fund Manager & Head – PMS, Hem Securities
09:01 (IST) 11 Nov 2022 Rupee may appreciate amid retreat in dollar, rise in risk in equity markets; USDINR to trade in this range
The Indian rupee is expected to appreciate against the US dollar on Friday amid a rise in risk in equity markets. The domestic currency may rise as dollar languished after US inflation data came in cooler than expected. Today, focus will be on the GDP data from the UK and that is likely to pound that witnessed sharp against the US dollar. In the previous session, rupee depreciated against the US dollar as participants remained cautious ahead of the release of the US inflation data. A weak trend domestic equities also weighed on investor sentiments. At the interbank foreign exchange market, the local unit opened at 81.61 and finally settled at 81.77 against the greenback, registering a fall of 30 paise over its last close.
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08:58 (IST) 11 Nov 2022 Nifty may rise to 18342-18410 band
“Indian markets could open sharply higher, in line with very positive Asian markets today and sharply higher US markets on Thursday. Nifty closed almost flat for the second consecutive session on Nov 10 with the advance decline ratio falling to slightly in the negative. Triggered by the gains in the US markets overnight, Nifty may rise to 18342-18410 band.”-Deepak Jasani, Head of Retail Research, HDFC Securities
08:36 (IST) 11 Nov 2022 SAT stays Sebi’s securities market ban on Bombay Dyeing, Nusli Wadia, his sons
In a relief to Bombay Dyeing & Manufacturing Company Ltd and its promoters Nusli N Wadia and his sons, the Securities Appellate Tribunal (SAT) on Thursday stayed a Sebi order that banned them from the securities market for two years.
The matter would be listed for the next hearing on January 10, 2023, according to an order passed by the appellate tribunal.
08:10 (IST) 11 Nov 2022 Trade with caution as there is uncertainty regarding trend
“Bank Nifty is trading around 41500 levels, which was previously its support. It will be crucial for banks to hold these levels as there was a huge supply at this zone for the last 3 weeks. Overall, until Nifty sustains above 18100 and Bank nifty sustains above 41800, we recommend you to trade with caution as there is quite an uncertainty regarding the trend.”-Om Mehra, Technical Associate, Choice Broking.
08:09 (IST) 11 Nov 2022 Stock-specific adjustments likely to continue and may provide substantial trading opportunities
“Technically, there have been no significant changes in the technical structure as Nifty managed to withhold the sacrosanct support of the 17900-18000 zone. As far as levels are concerned, the immediate highs of 18200-18250 is expected to act as a sturdy hurdle, and a decisive breach will be required to continue the uptrend. While on the lower end, 17900-18000 is the immediate support followed by the bullish gap of the 17900-17840 zone. Going forward, many stock-specific adjustments are likely to continue and are expected to provide substantial trading opportunities. Simultaneously, traders should keep a close tab on the mentioned levels and stay abreast with domestic and global developments.”-Osho Krishan, Sr. Analyst – Technical & Derivative Research, Angel One
08:07 (IST) 11 Nov 2022 Immediate goal post for Nifty seen at its all-time-high at 18605 mark
Nifty plunged in Thursday’s trade and the negativity can be attributed to a bleeding Wall Street in overnight trade in the backdrop of key midterm election races that remained undecided. Also, anxiety prevailed ahead of the US CPI data. Technically speaking, the line in the sand is at Nifty’s support at 17907 mark, while the immediate goal post for Nifty is seen at its all-time-high at 18605 mark.”-Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd
08:06 (IST) 11 Nov 2022 New all-time highs soon
“We should see a new all-time high pretty soon. A close above 18300 today should help us propel higher in the next week too. Position Sizing Guide: Large; Nifty Support: 17970 and 18103; Nifty Resistance: 18350 and 18605.”-Rahul Sharma, Head-Research, JM Financial Services
08:03 (IST) 11 Nov 2022 Trade Setup
COI Nifty: Up 1.4%| Marginal Short Buildup
COI Bank Nifty: Down 3.6% | Long Closure High Volume
Nifty Options: bets on 18000 Straddle, Mildly Bullish | PCR: 1.06
Bank Nifty Options data: Bets on 41500 Straddle | PCR: 0.95%
FII bought: Cash and IO
FII sold: IF, SF and SO
Retail added longs in IF yesterday at lower levels and their positions are at highest level since the last 10 days.
Longs: Hero MotoCorp, HDFC Bank and Lupin
Shorts: Tata Motors, Axis Bank and M&M
07:59 (IST) 11 Nov 2022 Nifty needs to hold above 18000 for positive momentum to continue
“Weakness in Global markets spooked Indian equities with Nifty going below 18,000 levels after 6 trading sessions. Nifty opened lower and after briefly going below 18k levels, closed with loss of 129 points at 18028 levels. All sectorial indices ended in red. Profit booking was witnessed in Banks and Auto stocks after both indices touched their new highs on Wednesday. Inflation data for US and India would be key data points which would drive the market direction in the next few days. Nifty needs to sustain above the key 18,000 levels for the positive momentum to continue, while global headwinds could induce intermittent volatility.”-Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.
07:58 (IST) 11 Nov 2022 Nifty technical view
“A small negative candle was formed on the daily chart with upper and lower shadow. Technically this pattern is considered as a high wave type formation. Normally, a high wave candle formations after a reasonable weakness calls for upside bounce from the lows post confirmation. The positive chart pattern like higher tops and bottoms continued on the daily chart and Thursday’s swing low could be considered as a new higher bottom of the sequence. A sustainable move above 18100 levels could confirm higher bottom reversal and that could open another round of upside bounce. Immediate support is placed at 17950 levels.”-Nagaraj Shetti, Technical Research Analyst, HDFC Securities
07:57 (IST) 11 Nov 2022 US inflation rises less than expected to 7.7% in October
Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious. Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September, the Labor Department said Thursday. The year-over-year gain was the smallest since January. Excluding volatile food and energy prices, core inflation rose 6.3% in the past 12 months and 0.3% from September. The numbers were all lower than economists had expected.
07:53 (IST) 11 Nov 2022 Asian shares jump in early trade
Shares in the Asia-Pacific rose Friday after the release of US inflation data in October raised investor hopes that inflation has peaked. In South Korea, the Kospi gained more than 3% at open and was last up 2.8%. Japan’s Nikkei 225 rose 2.5%, the Topix added 1.85%. In Australia, the S&P/ASX 200 was up 2.65%. Hong Kong stocks jumped more than 5%. The Hang Seng Index rose 5.30% with the Hang Seng Tech index rising 7.12%. In mainland China, the Shenzhen Component added 1.839%, while the Shanghai Composite Index gained 1.64%.
07:50 (IST) 11 Nov 2022 US Stocks end sharply higher
The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in over 2 and a half years as a sign of slowing inflation in October sparked speculation the Federal Reserve might become less aggressive with interest rate hikes. The S&P 500 climbed 5.54% to end the session at 3,956.31 points. The Nasdaq gained 7.35% to 11,114.15 points, while Dow Jones Industrial Average rose 3.70% to 33,715.37 points. All 11 S&P 500 sector indexes rallied, led by information technology, up 8.33 percent, followed by a 7.74% gain in real estate
07:49 (IST) 11 Nov 2022 SGX Nifty up over 1.5%
Nifty futures traded 299 points, or 1.65% higher at 18,396 on the Singapore Exchange, signaling that Dalal Street was headed for a positive start today.
