GIFT Nifty up 25 points; here's what changed for market while you were sleeping
«Going ahead, markets could remain subdued given the gloomy global environment. Stock-specific action is likely to continue in the market with the ongoing result season,» 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 27.5 points, or 0.14 per cent, higher at 19,528, signaling that Dalal Street was headed for positive start on Thursday.
Tech View: Nifty's recent slip below its consolidation indicates a bearish sentiment. The index has also dropped below the 21EMA, reinforcing the bearish outlook. The RSI is signaling a bearish momentum for the future. On the downside, support is observed at 19500, a decisive fall below 19500 may create further negativity; while resistance is seen at 19600. India VIX: India VIX, which is a measure of the fear in the markets, rose 9.68% to settle at 11.28 levels.US stocks downWall Street finished lower on Wednesday, with the S&P 500 and Nasdaq Composite down for a second straight day as investors took profits on five months of gains a day after rating agency Fitch cut the U.S. government's credit rating.
Dow down 0.98%, S&P dips 1.38%, Nasdaq falls 2.17%Asian shares dipShares in Asia opened lower after heavy selling in US stocks and long-dated Treasuries as investors digested data showing a hot US labor market that will keep pressure on the Federal Reserve to maintain restrictive policy.
S&P 500 futures rose 0.1% as of 9:24 a.m. Tokyo time. The S&P 500 fell 1.4% Nasdaq 100 futures rose 0.1%. The Nasdaq 100 fell 2.2% Hang Seng futures fell 0.6% Japan’s Topix fell 1.2% Australia’s S&P/ASX 200 fell 0.8% Read more on economictimes.indiatimes.com
