Major Asian shares opened higher, before turning mixed, on Thursday, bucking the trend after Wall Street faltered on profit-taking as recent global rallies fizzled out. MSCI's index of Asia-Pacific shares outside Japan was trading 0.19 per cent higher.
After a one-day break, domestic equity markets are likely to kick off Thursday's trading session on a positive trade despite muted cues from global peers. US stocks settled lower during the overnight trade, whereas Asian peers were mixed. The US dollar lost some steam but crude flexed muscles on output cut. Back home, India Inc earnings and the festive season will guide D-street.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS SGX Nifty signals a positive startNifty futures on the Singapore Exchange traded 93 points, or 0.54 per cent, per cent higher at 17,432, signalling that Dalal Street was headed for a positive start on Thursday.
- Tech View: The Headline index Nifty on Tuesday formed a long bullish candle on the daily charts as it ended with a gain of 387 points. The index has been forming higher bottoms for the last two sessions, indicating the continuation of the uptrend in the near future.
- India VIX: The fear gauge plunged sharply over 8 per cent to 19.57 level on Tuesday over its close at 21.36 on Monday.
Asian shares open mixedMajor Asian shares opened higher, before turning mixed, on Thursday, bucking the trend after Wall Street faltered on profit-taking as recent global rallies fizzled out. MSCI's i...