GIFT Nifty up 140 points; here's the trading setup for today's session
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 138.50 points, or 0.60 per cent, at 23,400.50, signaling that Dalal Street was headed for positive start on Thursday.
- Tech View: A sustainable move above the hurdle 23,300-23,350 levels could further strengthen the upside bounce in the market. At the lows 23,050 is going to be a crucial support for the market, said Nagaraj Shetti of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 1.13% to settle at 15.30 levels.
US stocks surge
US stocks surged on Wednesday, with all three major indexes registering their biggest daily percentage gains in more than two months, as lower-than-expected December core inflation data and solid earnings from major U.S. banks fueled a rally.
- Dow up 1.65%,
- S&P 500 gains 1.83%,
- Nasdaq rises 2.45%
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