GIFT Nifty down 300 points; here's the trading setup for today's session
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a gap-down start
GIFT Nifty on the NSE IX traded lower by 301 points, or 1.28 per cent, at 23,129.50, signaling that Dalal Street was headed for gap-down start on Thursday.
- Tech View: While prices tested the lower end of the trading range and closed near it, a break below 24900 could open doors for further weakness, potentially testing the 24700 level. On the upside, resistance is seen around 25100 followed by the 25250 level.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 0.4% to settle at 13.72 levels.
US stocks end higher
U.S. stock indexes finished higher after a choppy trading session on Wednesday, falling early and then rebounding as investors made last-minute bets to position themselves ahead of U.S. President Donald Trump's sweeping tariff announcements.
- Dow 0.56%,
- S&P 500 0.67%,
- Nasdaq 0.87%
Asian stocks slip
Stocks plunged and haven assets rallied as investors rushed for safety after US President Donald Trump unveiled reciprocal tariffs that were more aggressive than expected, sparking concerns over inflation and growth.
- S&P 500 futures fell 3.4% as of 9:02 a.m. Tokyo time
- Japan’s Topix fell 1.9%
- Australia’s S&P/ASX 200 fell 1.8%
- Euro Stoxx 50 futures fell 0.5%
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Gold hits a record high
Gold hit a record high on Thursday, as nervous investors rushed towards safe-haven assets after U.S. President Donald Trump announced more aggressive-than-anticipated tariffs against major trading partners,
