GIFT Nifty down 10 points; here's what changed for market while you were sleeping
TCS and HCL Tech, which are set to announce their results later today. «Going forward, we expect the positive momentum to continue on the back of healthy earnings, consistent FII inflows, and improving monsoon,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19100 to 19700 zones while an immediate trading range in between 19300 to 19550 zones. 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 9 points, or 0.05 per cent, lower at 19,528, signaling that Dalal Street was headed for muted start on Wednesday.
Tech View: A decisive upside breakout of 19500 levels is expected to pull Nifty towards another hurdle of 19800 levels in a quick period of time. However, any weakness below 19300 levels could result in a downward correction towards the next support of 19100-19000 levels in the near term. India VIX: India VIX, which is a measure of the fear in the markets, fell 3.93% to settle at 11.01 levels.US stocks gainsUS stocks rose on Tuesday, helped by optimism ahead of key inflation reports and as JPMorgan and other financial shares gained before earnings later this week.
Dow up 0.9%, S&P 500 rises 0.7%, Nasdaq gains 0.6%Asian stocks mixedAsian stocks saw varied performance ahead of a US inflation report that will help shape the outlook for interest rates in the world’s biggest economy.
S&P 500 futures were little changed as of 9:40 a.m. Tokyo time. The S&P 500 rose 0.7% Nasdaq 100 futures were little changed. The Nasdaq 100 rose 0.5% Japan’s Topix index fell 0.7% Australia’s S&P/ASX 200 Index rose 0.5% Hong Kong’s Hang Seng futures rose Read more on economictimes.indiatimes.com
