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

2 weeks ago 35

Synopsis

Mostly Asian shares rose in morning trade on Friday after the sharp gains in the US indices, relieving investors who also cheered solid corporate earnings. However, a few dropped as tech firms in the spotlight after Apple and Amazon reported below-forecast earnings. MSCI's index of Asia-Pacific shares outside Japan was up by 0.61 per cent.

Shutterstock.comIndia 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 to open on a strong note in the last trading session of April, tracking firmness in global peers. Major Asian hubs showed positivity in early hours, whereas US stocks registered big gains in overnight trade, thanks to solid earnings. However, a stronger dollar may dent sentiments for EMs. Back home, India Inc earnings will guide stock specific action. Here's breaking down the pre-market actions:

STATE OF THE MARKETS SGX Nifty signals positive startNifty futures on the Singapore Exchange traded 85.5 points, or 0.50 per cent, higher at 17,315.50, signaling that Dalal Street was headed for a positive start on Friday.

  • Tech View: Nifty50 on Thursday climbed above its immediate resistance and closed near the 17,250 level. In the process, it closed above its 200-day simple moving average and formed a bullish candle on the daily scale. Analysts said the index needs to take out 17,450 levels for a decisive upmove.
  • India VIX: The fear gauge dropped almost 6 per cent to 19.38 level on Thursday over its close at 20.60 on Wednesday.

Asian shares mostly gainMostly Asian shares rose in morning trade on Friday after the sharp gains in the ...

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