GIFT Nifty down 40 points; here's what changed for market while you were sleeping

economictimes.indiatimes.com:

markets snapped their record run towards the end of last week, let down by IT stocks. In the current week, all eyes will be on the US Fed and ECB policy meetings.Investors would also take cues from various macro data that would be released. Further, banking stocks will be in focus after a slew of earnings on Saturday. «With the result season picking up pace, we expect a lot of stock-specific action and provide direction to domestic equities in the coming week,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.Option data suggests a shift in trading range in between 19500 to 20200 zones while an immediate trading range in between 19600 to 20000 zones. 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 37.5 points, or 0.19 per cent, lower at 19,729, signaling that Dalal Street was headed for negative start on Monday.

US stocks mixedU.S. stocks ended mixed on Friday, with the Dow Jones Industrial Average rising marginally to notch its 10th straight day of advances, its longest rally in almost six years.

Asian stocks up Asian shares marked time on Monday ahead of an action packed week of earnings and central bank meetings that will likely see higher rates in Europe and the United States, and possibly the end of the