Nifty today: SGX Nifty up 25 points; here’s what changed for market while you were sleeping

1 week ago 30

Domestic equity markets are headed for a flat start with a positive bias on Thursday. US stocks settled with mild gains during the overnight trade, whereas major Asian hubs were up during the early trading hours. Sentiments remain jittered ahead of the US Fed’s monetary policy decision. Back home, will make its debut on the bourses today. Here’s breaking down the pre-market actions:

STATE OF THE MARKETS

SGX Nifty signals a positive startNifty futures on the Singapore Exchange traded 26.5 points, or 0.15 per cent, higher at 18,016.5, signaling that Dalal Street was headed for a positive start on Thursday.

  • Tech View: The Nifty50 formed a bullish candle for the third consecutive day. Supertrend indicator also triggered buy on September 13, and the Golden Cross was recorded on September 9 on the daily charts.
  • India VIX: The fear gauge jumped sharply about 5 per cent to 18.28 level on Wednesday over its close at 17.47 on Tuesday.

Asian stocks open mostly higherMajority of Asian stocks tracked Wall Street higher on Thursday, but gains were limited amid increased uncertainties of the US Federal Reserve’s monetary policy decision next week. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.29 per cent higher.

  • Japan’s Nikkei jumped 0.27%
  • Australia’s ASX 200 gained 0.65%
  • New Zealand’s DJ dropped 0.53%
  • South Korea’s Kospi surged 0.47%
  • China’s Shanghai shed 0.07%
  • Hong Kong’s Hang Seng added 0.25%

US stocks edge higherWall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched the flow of Tuesday’s sell-off and investors pressed the ‘pause’ button.

  • Dow Jones added 0.10% to 31,135.09
  • S&P 500 gained 034% to 3,946.01
  • Nasdaq jumped 0.74% at 11,719.68

Dollar stands tallThe dollar stood near recent peaks on Thursday as markets increased bets the Fed has more work to do in its aggressive tightening streak to curb red-hot inflation, while wariness of intervention kept the yen steady.

  • Dollar index was pinned at 109.7
  • Euro edged lower to $0.9972
  • Pound declined to $1.1536
  • Yen was struggling at 143.02 per dollar
  • Yuan exchanged hands at 6.9...
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