SGX Nifty down 150 points; here's what changed for market while you were sleeping

1 week ago 32

The domestic equity market was set for another gap-down opening on Tuesday, following a sharp selloff in global peers. US stocks tumbled steeply on Monday following a rise in treasury yields. Asian stocks also opened with major weakness. Back home, Rainbow Children's Medicare will make its debut today, whereas Prudent Corporate Advisiory's IPO will kick off for subscription today. Here's breaking down the pre-market actions:

STATE OF THE MARKETS SGX Nifty signals negative startNifty futures on the Singapore Exchange traded 151.5 points, or 0.93 per cent, lower at 16,140, signaling that Dalal Street was headed for a negative start on Tuesday.

  • Tech View: Nifty50 on Monday saw a gap-down start, but the index managed to close above the opening level, forming a small bullish candle on the daily scale. The formation, made after a Doji in Friday's trade, made some analysts hopeful, even as the index continued its lower-high low formations. Avoid shorts for now, they suggested.
  • India VIX: The fear gauge jumped about 4 per cent to 22.03 level on Monday over its close at 21.25 on Friday.

Asian shares tumble at openAsian stocks open lower Tuesday, tracking another Wall Street rout on stubborn fears over rising US interest rates and inflation, with investors eyeing earnings reports. MSCI's index of Asia-Pacific shares outside Japan was down by 1.93 per cent.

  • Japan's Nikkei dropped 1.83%
  • Australia's ASX 200 tanked 2.18%
  • South Korea's Kospi plunged 1.60%
  • New Zealand's DJ tumbled 1.45%
  • China's Shanghai slumped 0.96%
  • Hong Kong's Hang Seng bled 3.28%

US stocks slumpUS stocks ended sharply lower on Monday, led by declines ...

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