GIFT Nifty up 20 points; here's what changed for market while you were sleeping
policy as the Central bank sounded hawkish on inflation. The unexpected announcement of reducing cash in the financial system also weighed on the sentiments. "Markets will now take cues from US inflation data which will be released late Thursday as the data would further provide insights into Fed’s future policy decision," 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 positive startGIFT Nifty on the NSE IX traded 16 points, or 0.08 per cent, higher at 19,556, signaling that Dalal Street was headed for positive start on Friday.
Tech View: Structurally the setup remains unchanged, suggesting further consolidation in the index and continuing the time-wise corrective phase. On the levels front, the bearish gap of 19678-19705 withholds the sturdy hurdle and on the lower end, 19500-19440-19380 holds the pivotal support for Nifty in the comparable period. India VIX: India VIX, which is a measure of the fear in the markets, rose 2.33% to settle at 11.40 levels.US stocks flatWall Street's main indexes finished flat on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the U.S. economy's longer-term prospects and whether stocks had further room to run.
Dow up 0.15%, S&P rises 0.03%, Nasdaq gains 0.12%Asian shares mixedShares in Asia were mixed after US stocks ended steady on Thursday, as investors balanced cooling inflation with the prospect interest rates will remain elevated.
S&P 500 futures rose 0.2% as of 9:17 a.m. Tokyo time. The S&P 500 was little changed Nasdaq 100 futures rose 0.3%. The Nasdaq 100 rose 0.2% Hang Seng futures rose Read more on economictimes.indiatimes.com
