SGX Nifty down 85 points; here's what changed for market while you were sleeping

2 weeks ago 30

The domestic equities are braced for a cautious open on Wednesday as global markets were rattled by media reports that said Russian missiles killed two people in Poland, news that raised fears of an escalation in the Ukraine war.

Positioning in the options of Nifty 50 indicates a trading range of 18400-18800 levels.

Here's breaking down the pre-market actions:

STATE OF THE MARKETS SGX Nifty signals a negative startNifty futures on the Singapore Exchange traded 84 points, or 0.45 per cent, lower at 18,410.50, signaling that Dalal Street was headed for a negative start on Wednesday.

  • Tech View: Nifty 50 at a record closing high on Tuesday has turned the short-term trend positive, but some cautious trading is likely as the index moves further up. The index has to hold above 18350 points for a sustained upmove.
  • India VIX: Strength in the market pulled down the ‘fear gauge’ on Tuesday, as risk-on sentiment improved. The index ended 1.8% down at 14.6350 points.

Wall Street gains Wall Street's main indexes gained on Tuesday, shaking off an unconfirmed report of Russian missiles crossing into Poland that sparked volatility, as investors seized on softer-than-expected inflation data that raised hopes of a pullback in rate hikes by the U.S. Federal Reserve.

  • Dow up 0.17%
  • S&P rises 0.87%
  • Nasdaq gains 1.45%

Asian stocks signal cautionAsian stocks dropped and the dollar gained on Wednesday after blasts in Poland that Ukraine and Polish authorities said were caused by Russian-made missiles. The potential for a further ratcheting up of geopolitical tensions saw MSCI's broadest index of Asia-Pacific shares o...

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