GIFT Nifty down 15 points; here's what changed for market while you were sleeping
"Markets are likely to trade in a range ahead of RBI policy this week. FIIs continued their selling streak for the last few days, thus keeping the upside limited. We expect sector- and stock-specific actions to continue," said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, lower at 19,666.50, signaling that Dalal Street was headed for negative start on Tuesday.
Tech View: The overall trend seems upbeat as the index hopped over the 20-SMA again. As far as levels are concerned, the bearish gap of 19678-19705 is the crucial hurdle, and it requires an authoritative breach to turn the sentiments to ultra bullish once again. India VIX: India VIX, which is a measure of the fear in the markets, rose 5.01% to settle at 11.10 levels.US stocks upU.S. stocks finished higher on Monday, regaining some of the ground lost last week, as investors added positions ahead of Thursday's highly awaited U.S. inflation report.
Dow up 1.16%, S&P rises 0.90%, Nasdaq gains 0.61%Asian shares advanceShares in Asia gained after shares in the US rebounded from their worst week since March, with Wall Street optimism offset by the latest comments from a Federal Reserve official that pointed to more rate hikes to tame inflation.
S&P 500 futures were little changed as of 9:28 a.m. Tokyo time. The S&P 500 rose 0.9% Nasdaq 100 futures were little changed. The Nasdaq 100 rose 0.9% Japan’s Topix rose 0.5% Australia’s S&P/ASX 200 rose 0.4% Euro Stoxx 50 futures rose 0.1%Oil prices edge upOil prices rose in early trade on Tuesday as supply concerns
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