SGX Nifty rises 60 points: Here's what changed for market while you were sleeping

1 week ago 32

Synopsis

Nifty50 on Thursday settled almost flat, but snapped a six day winning run. The index ended up forming a small bearish candle on the daily chart, with a long lower wick. Analysts said the index turned sideways after the recent rally and expect it to find support around 17,200 level.

Reuters

Domestic equity markets look set for a positive start on Friday ahead of RBI's policy meet outcome. Asian stocks were trading mostly higher, whereas US stocks settled mixed ahead of jobs data to be released later in the day. Back home, traders are expecting a 35-50 basis point rate hike by the central bank, which is largely priced in, said analysts. Here's breaking down the pre-market actions:

STATE OF THE MARKETS SGX Nifty signals a positive startNifty futures on the Singapore Exchange traded 58 points, or 0.33 per cent, higher at 17,455, signalling that Dalal Street was headed for a positive start on Friday.

  • Tech View: Nifty50 on Thursday settled almost flat, but snapped a six day winning run. The index ended up forming a small bearish candle on the daily chart, with a long lower wick. Analysts said the index turned sideways after the recent rally and expect it to find support around 17,200 level.
  • India VIX: The fear gauge surged more than 4 per cent to 19.26 level on Thursday over its close at 18.45 on Wednesday.

Asian stocks trade mostly higherAsian stocks traded higher Friday following tech gains on Wall Street while more businesses reported that higher raw material prices were...

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