GIFT Nifty up 5 points; here's what changed for market while you were sleeping
equities bounced back after three days of muted trade on buying at lower levels and select heavyweights. «Markets will react to Fed’s commentary. Further, monthly F&O expiry along with a slew of corporate earnings, could keep the market a bit volatile,» 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 muted startGIFT Nifty on the NSE IX traded 0.5 points, or 0.00 per cent, higher at 19,984.50, signaling that Dalal Street was headed for muted start on Thursday.
Tech View: Nifty will find a strong support around 19,700 zones as short covering was observed today, indicating that the downside support is getting stronger. The option activity at 19,800 Strike will provide additional cues about Nifty’s direction on the last day of the July series expiry. India VIX: India VIX, which is a measure of the fear in the markets, rose 2.10% to settle at 10.46 levels.US stocks flatUS stocks ended Wednesday little changed following a Federal Reserve rate hike that left the door open for future hikes, but the Dow scored a 13-day winning streak.
Dow up 0.23%, S&P 500 down 0.02%, Nasdaq dips 0.12%Asian shares mixedAsian equities were varied after the Federal Reserve hiked interest rates to a 22-year high and indicated that further tightening would be “data dependent.”
S&P 500 futures rose 0.1% as of 9:40 a.m. Tokyo time. The S&P 500 was little changed Nasdaq 100 futures rose 0.3%. The Nasdaq 100 fell 0.4% Hang Seng futures rose 0.9% Nikkei 225 futures (OSE) rose 0.2% Japan’s Topix was little changed Australia’s S&P/ASX 200 rose 0.7% Euro Stoxx 50 futures rose 0.2%Dollar slipsThe dollar was on the
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