SGX Nifty down 5 points; here's what changed for market while you were sleeping

3 weeks ago 26

Synopsis

Major Asian shares rose in morning trade on Thursday after US indices avoided further sharp falls, relieving investors who also cheered solid corporate earnings. MSCI's index of Asia-Pacific shares outside Japan was up by 0.50 per cent.

Getty ImagesIndia 10-year bond jumped 0.43 per cent to 7.08 after trading in 7.05 - 7.09 range on Wednesday.

The domestic equity market was set for a flat start on Thursday, ahead of the monthly expiry of April series derivatives. Despite gains in Asian peers, Indian indices are tracking mixed cues from US stocks, signaling a cautious start. Dollar is hovering near a 20-year high. Back home, India Inc earnings have failed to boost the morale of traders so far. Here's breaking down the pre-market actions:

STATE OF THE MARKETS SGX Nifty signals muted startNifty futures on the Singapore Exchange traded 2.5 points, or 0.01 per cent, lower at 17,068.50, signaling that Dalal Street was headed for a flat start on Thursday.

  • Tech View: Nifty50 on Wednesday saw selling pressure at its 50-day simple moving average but managed to recover some of the lost ground, forming a bearish candle on the daily chart. Analysts said there are good chances that the index may see some more downside but advised traders to remain neutral for now.
  • India VIX: The fear gauge spiked more than 7 per cent to 20.60 level on Wednesday over its close at 19.19 on Tuesday.

Asian shares gain in early tradeMajor Asian shares rose in morning trade on Thursday after US indices ...

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