SGX Nifty down 40 points; here's what changed for market while you were sleeping

1 month ago 44

Synopsis

Asian shares opened mostly lower on Tuesday after strong rallies in the previous session and with investors eyeing Chinese economic indicators due later in the day. However, the declines were capped. MSCI's index of Asia-Pacific shares outside Japan was down by 0.23 per cent.

Shutterstock.comIndia 10-year bond jumped 0.80 per cent to 7.40 after trading in the 7.36 - 7.41 range on Monday.

Domestic equity markets are set to open on a muted note, with mild cuts, tracking weakness in Asian peers. US Stocks observed a holiday on Monday on the account of Memorial Day. Oil prices rose after the EU banned Russian imports. Back home, the result season has ended and traders will look for other cues to take the positions. Here's breaking down the pre-market actions:

STATE OF THE MARKETS SGX Nifty signals a negative startNifty futures on the Singapore Exchange traded 39.5 points, or 0.24 per cent, lower at 16,607.50, signaling that Dalal Street was headed for a negative start on Tuesday.

  • Tech View: Nifty50 on Monday formed a solid bullish candle on the daily chart, after signalling a reversal in the previous week. In the process, the index has breached a sticky consolidation range of 15,700-16,400 on the upside. Analysts said levels around 17,000 are on the cards and that the 16,400 level would now act as immediate support for the index.
  • India VIX: The fear gauge dropped as much as 7 per cent to 19.98 level on Monday over its close at 21.48 on Friday.

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