GIFT Nifty down 10 points; here's what changed for market while you were sleeping
IT stocks will be in focus as markets will react to TCS and HCL Tech earnings released late yesterday. Another IT major Wipro is slated to declare its results later in the day. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 10.5 points, or 0.05 per cent, lower at 19,554.50, signaling that Dalal Street was headed for muted start on Thursday.
Tech View: As far as levels are concerned, a decisive closure beyond the sturdy hurdle of 19500-19520 could only trigger fresh longs in the system. Whereas on the downside, 19300 is likely to provide a cushion from a short-term blip, while the sacrosanct support lies around the bullish gap of 19200-19235 in the comparable period. India VIX: India VIX, which is a measure of the fear in the markets, fell 0.70% to settle at 10.94 levels.US stocks riseUS stocks ended solidly higher on Wednesday, led by a gain of more than 1% in the Nasdaq after a report showed inflation subsided further with consumer prices registering their smallest annual increase in more than two years.
Dow up 0.3%, S&P 500 rises 0.7%, Nasdaq gains 1.2%Asian shares gainAsian equities rose Thursday after US inflation slid to a two-year low, easing pressure on global markets from rising interest rates in the world’s biggest economy.
S&P 500 futures rose 0.1% as of 9:20 a.m. Tokyo time. The S&P 500 rose 0.7% Nasdaq 100 futures rose 0.2%. The Nasdaq 100 rose 1.2% Hang Seng futures rose 1.9% Japan’s Topix was little changed Australia’s S&P/ASX 200 rose 1.3%Oil prices up Oil prices rose in early Asian trade on Thursday after U.S. inflation and economic data sparked hopes the Federal Reserve may have fewer interest rate
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