SGX Nifty up 30 points; here's what changed for market while you were sleeping

3 weeks ago 38

Synopsis

Most of the Asian stocks stocks reversed earlier losses and emerged above water in Friday morning trade, following a surprise aggressive rate hike by the European Central Bank. MSCI's index of Asia-Pacific shares outside Japan was up by 0.29 per cent.

Getty ImagesIndia 10-year bond dropped about 0.12 per cent to 7.44 after trading in 7.44 - 7.47 range on Thursday.

Domestic equity markets may open with mild gains on Friday, tracking global action. US Stocks posted mild gains over earrings euphoria, whereas Asian stocks were up too, despite early losses. All eyes are set on the Fed's meeting next week, after rate hikes in Europe. Back home,

's Q1 earnings would keep traders on the edge. Here's breaking down the pre-market actions:

STATE OF THE MARKETS SGX Nifty signals a positive startNifty futures on the Singapore Exchange traded 31.5 points, or 0.19 per cent, higher at 16,649, signalling that Dalal Street was headed for a positive start on Friday.

  • Tech View: Nifty50 on Thursday settled above 16,600 level for the first time since June 2, taking its winning streak to the fifth trading session. The index formed a bullish candle on the daily chart that engulfed the previous session's bearish candle, negating the latter's negative impact.
  • India VIX: The fear gauge gained mildly, less than a per cent, to 16.86 level on Thursday over its close at 16.82 on Wednesday.

Asian shares trade mostly upMost of the

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