Moving Forward, the upcoming FOMC meeting, scheduled for mid-September, is drawing significant attention, with widespread expectations that the Federal Reserve will cut interest rates. Domestically, investors will be closely watching the rupee's movement against the dollar, crude oil prices, and the investment trends of foreign portfolio investors.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
Gift Nifty (Earlier SGX Nifty) signals a negative start.
Nifty futures on the Gift Nifty traded 84 pts lower at 24,843.
Tech View
A long bear candle was formed on the daily chart, which is indicating a sharp downside reversal for the market. The cluster support of 25,000 has been broken decisively on the downside and Nifty closed lower. This pattern is indicating a confirmation of short-term top reversal pattern at 25,333 levels, said Nagaraj Shetti of HDFC Securities.
India VIX
India VIX, which is a measure of the fear in the markets, rose 7.11% to settle at 15.22 levels.
Global Markets
Forex news
Stocks in F&O ban today
1) Balrampur Chini Mills
2) Hindustan Copper
3) ABFRL
4) RBL Bank
5) Chambal Fertilisers
6) Bandhan Bank
7) Biocon
Securities in the ban period under the