SGX Nifty down 20 points; here's what changed for market while you were sleeping

1 month ago 26


Asian shares opened mixed on Wednesday as traders eased back after a healthy run-up in recent sessions and following a negative lead from Wall Street. Investors are awaiting key US data due this week. MSCI's index of Asia-Pacific shares outside Japan was down by 0.26 per cent.

Shutterstock.comIndia 10-year bond mildly gain 0.08 per cent to 7.42 after trading in 7.41 - 7.46 range on Tuesday.

Domestic equity markets look set for another muted opening on Wednesday, tracking mixed cues from Asian peers. US stocks settled lower after the extended weekend trade, while traders await GDP numbers from the world's largest economy. Back home, investors will react to the domestic production numbers as the Indian economy slowed down to 4.1 per cent in the March quarter. eMudhra will also make its debut on the bourses. Here's breaking down the pre-market actions:

STATE OF THE MARKETS SGX Nifty signals a negative startNifty futures on the Singapore Exchange traded 20.5 points, or 0.12 per cent, lower at 16,539.50, signaling that Dalal Street was headed for a negative start on Wednesday.

  • Tech View: Nifty50 took a breather on Tuesday and formed a Long Legged Doji on the daily chart, suggesting indecisiveness among traders. Analysts said the uptrend remains intact even as they believe some sideways move is a possibility after the recent rally. A support for the index is seen at 16,400 while resistance is likely for the index at 16,700 level.
  • India VIX: The fear gauge gained more than 2 per cent to 20.48 level on Tuesday over its close at 19.98 on Monday.

Asian shares trade mixedAsian shares opened mixed on Wednesday as tra...

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