GIFT Nifty down 25 points; here's what changed for market while you were sleeping
Overall, we expect the market to consolidate in a range with a positive bias as we move further into the earning season," 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 23 points, or 0.12 per cent, lower at 19,779, signaling that Dalal Street was headed for negative start on Wednesday.
Tech View: Short-term prospects suggest a sideways to positive trend if the index stays above 18550. A decisive move above 19800 could drive the index towards the 20000 mark. India VIX: India VIX, which is a measure of the fear in the markets, fell 1.25% to settle at 10.28 levels.US stocks mixedThe S&P 500 and Nasdaq closed weaker on Tuesday, the first day of seasonally slow August, ahead of U.S. jobs data and major companies' earnings reports later this week.
Dow up 0.20 %, S&P down 0.27% , Nasdaq dips 0.43%Asian stocks fallAsia stocks fell and haven assets advanced as Fitch Ratings’ downgrade of the US sovereign rating spurred demand for safety.
S&P 500 futures fell 0.3% as of 9:47 a.m. Tokyo time. The S&P 500 fell 0.3% Nasdaq 100 futures fell 0.4%. The Nasdaq 100 fell 0.3% Japan’s Topix index fell 0.6% Australia’s S&P/ASX 200 Index fell 0.7% Hong Kong’s Hang Seng futures fell 0.7%Oil prices riseOil prices rose more than 1% on Wednesday, trading near their highest since April, after industry data showed a much steeper-than-expected draw last week in crude oil inventories in the U.S., the world's biggest fuel consumer.Stocks in F&O ban today 1) Indiabulls Housing Finance 2) Piramal Enterprises 3) Hindustan Copper Securities in the ban period under the
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