Markets
BSE See NSE See 40,145.50
-540.00 (-1.33%)

D-Street likely to start on a negative note

Karan DSIJ
/ Categories: DSIJ Mindshare, Pre Morning
Rate this article:
5.0
D-Street likely to start on a negative note

On Thursday, for the second consecutive session markets extend its winning streak. Overall, the May derivative series ended with a loss of 369.80 points or 3.75 per cent. Said that, the tensions between the two largest economies of the world escalates and US President planning to hold a press conference on Friday and clearly indicating that he is not happy with China. This might lead to a negative start of the Friday session. Further, market participants will keep an eye on India’s Q1 GDP data scheduled to be released today along with infrastructure output.

At the time of writing, the SGX Nifty was down by 55 points and was trading at 9,405 levels. Nifty has strong support around 9,340-9,350 levels.

On Friday, Asian Markets were trading with modest losses following a sharp pullback that was seen on Wall Street in overnight trade post US President Donald Trump indicated that he is not happy with China. This further raise fear of escalating tensions between the two largest economies of the world. Japan’s Nikkei 225 has suffered the most followed by Hang Seng and Shanghai Composite as it dipped 0.45 per cent, 0.42 per cent and 0.02 per cent respectively.

Asian Markets

Asia Opening

Price

Change

% Change

Nikkei 225

21,815.66

-97.49

-0.45

Hang Seng

23,039.61

-93.15

-0.42

Shanghai

2,845.00

-0.69

-0.02

SGX Nifty

9,405.00

-55.00

-0.58

 

Domestic equity markets extended their gains for the second day in a row and ended the May F&O series with solid gains on Thursday. The 30-share BSE index ended 595 points or 1.88 per cent higher at 32,200. Similarly, the NSE Nifty ended 175 points or 1.88 per cent higher at 9,490. The rally was broad based, so as a result the broader market Nifty mid-cap and Nifty small-cap advanced 1.69 and 1.61 per cent respectively. On the sectoral front, barring Nifty PSU Bank, all the other sectoral indices witnessed healthy buying interest wherein Nifty Bank and Nifty Media were the top gainers. Even the advance-decline ratio was inclined towards advancers. Out of 1,914 stocks traded, 1,263 advanced, 533 declined and 118 remained unchanged.

On Thursday, US stocks oscillated sharply lower in the last half an hour of trade to end the day in red post US President Donald Trump said that he would make an announcement regarding China on Friday. While, in economic news, US GDP contracts 5 per cent in Q1 which is worse than the expectation and even the Jobless claims remain elevated. At closing bell, Dow dropped 0.6 per cent, Nasdaq shed 0.5 per cent and S&P 500 declined 0.2 per cent. Meanwhile, the European indices continued to march higher on Thursday.

US Markets

US Closed

Price

Change

% Change

Dow

25,400.64

-147.63

-0.58

S&P 500

3,029.73

-6.40

-0.21

Nasdaq

9,368.99

-43.37

-0.46

GlobalDow

2,761.08

-2.72

-0.10

 

Europe Markets

Europe Closed

Price

Change

% Change

FTSE 100

6,218.79

74.54

1.21

DAX

11,781.13

123.44

1.06

CAC 40

4,771.39

82.65

1.76

FTSE MIB

18,351.16

440.91

2.46

IBEX 35

7224.10

49.60

0.69

Stoxx 600

355.47

5.72

1.64

 

Commodity

Commodity

Price

Change

% Change

Gold

1,733.00

4.70

0.26

Oil

33.28

-0.43

-1.22

 

Previous Article SEBI issues directive to publish detailed COVID-19 impact
Next Article Index trend and stocks in action on May 29, 2020

Please login or register to post comments.

DSIJ MINDSHARE

12345Last