SGX Nifty up 63 points; here's what changed for market while you were sleeping

1 month ago 49


After turning net buyers on the first day of February, Foreign portfolio investors (FPIs) have again returned to old ways by selling shares worth Rs 3,065 crore on Thursday, provisional data showed. DIIs on the other hand, net bought shares to the tune of Rs 2,371 crore.

Shutterstock.comThe partially convertible rupee fell to 82.1725 per dollar, compared with its previous close of 81.92.

The mixed trend of equity markets continued on Thursday with Sensex ending in green, while Nifty dropped marginally. Analysts say the sell-off in Adani stocks has created panic in the markets and until the saga settles down, there won't be stability in the market, especially from the retail investors' perspective.

Option data suggests a broader trading range in between 17200 to 18200 zones while an immediate trading range in between 17350 to 17900 zones due to higher volatility.

Here's breaking down the pre-market actions:

STATE OF THE MARKETSSGX Nifty signals a positive startNifty futures on the Singapore Exchange traded 63 points, or 0.36 per cent, higher at 17,702, signaling that Dalal Street was headed for a positive start on Friday.

  • Tech View: A resistance level on the higher end is visible at 17750, above which the Nifty may move up towards 17950. On the lower end, support is pegged at 17450, below which the correction may resume.
  • India VIX: India VIX, which is a measure of the fear in the markets, was down 6.24% to settle at 15.73 levels

Nasdaq and S&P 500 end higher The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms ...

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