What changed your markets while you were sleeping

Tech view: Nifty eyes 10,750 level
The index formed a bullish candle on the daily chart. This was also the third week of gains for the index, which has made analysts foresee more upside in the near term. “Near-term oscillators reverted to buy mode,” said Arun Kumar, Market Strategist at Reliance Securities. Considering the improved setup, the index may extend the rally towards its long-term average of 200-DMA at 10,750, he said.

Asian stocks edge higher
Asian shares inched cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sino-US trade dispute, while a new-found air of concern on the global outlook at the Federal Reserve undermined the dollar, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.1 per cent and South Korea 0.5 percent. Japan’s Nikkei gained 0.4 per cent.

Oil prices climb on supply cut fears
Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards the end of the year. Front-month Brent crude oil futures, the international benchmark for oil prices, were trading at $67.29 per barrel, up 53 cents, or 0.8 per cent, from their last close.

Reliance Nippon files for 4th tranche of CPSE ETF
Reliance Nippon Life Asset Management (RNAM) has filed draft papers with the regulators for the fourth tranche of the CPSE Exchange Traded Fund. The ETF, likely to be launched in the last week of November, will raise Rs 8,000 crore with a green shoe option to retain Rs 4,000 to Rs 6,000 crore.

FPIs buy Rs 845 cr worth of equities
Foreign portfolio investors (FPIs) bought Rs 845 crore worth of domestic stocks on Friday, provisional data available with BSE suggested. DIIs were net sellers to the tune of Rs 372 crore, data suggested.

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