Markets
BSE See NSE See 37,973.22
-8.41 (-0.02%)

Early trends in SGX Nifty suggests a flat start

Karan DSIJ
/ Categories: DSIJ Mindshare, Pre Morning
Rate this article:
5.0
Early trends in SGX Nifty suggests a flat start

The Indian markets are likely to carry a positive baton from its previous trading sessions. Early trends in SGX Nifty suggests that Nifty may open around 11,089.50 level, up by 17.50 points. However, the sombre global cues and the rigid resistance zone of 11,112 to 11,170 might keep the up-move under check.

Today on earnings front, stocks such as Cadila Healthcare, DLF, Godrej Properties and Canara Bank are slated to announce their quarterly earnings.

Majority of the Asian indices on Wednesday were trading with losses over uncertainty of the US stimulus. China’s Shanghai Composite descended by 0.84 per cent. Also, Japan’s Nikkei 225 and Hong Kong’s Hang Seng has lost 0.62 per cent and 0.07 per cent, respectively.

Asian Markets

Asia Opening

Price

Change

% Change

Nikkei 225

22,433.40

-140.26

-0.62

Hang Seng

24,929.64

-16.99

-0.07

Shanghai

3,343.28

-28.41

-0.84

SGX Nifty

11,089.50

17.50

0.16

 

Index bellwether Reliance Industries and HDFC Bank were back in jubilant mood on Tuesday, helping key domestic benchmark indices to snap their four-day losing streak. Reliance Industries recorded a magnificent rally of 7 per cent and saw its substantial single-day gain since April 22. Sensex jumped 2.03 per cent to end at 37,687, whereas Nifty ended higher by 1.87 per cent at 11,095. On sectoral front, buying interest was witnessed across the board and as a result all sectoral indices apart from Nifty IT ended in green. The broader indices Nifty Mid-cap and Nifty Small-cap underperformed the frontline gauges. India VIX slumps nearly 6 per cent below 24 mark.

On Tuesday, optimism in the eleventh-hour of the trade aided the US stocks to end in green. The economic data published for the day was strong with factory orders rebounded more than expected in June. On the other hand, the uncertainty pertaining to the size and scope of the expected new fiscal package kept market participants dubious.  Dow ended higher for the third day in a row. Nasdaq registered a record high close, while S&P 500 closed at its best level in five months. As the recent incoming data continued to paint a recovery picture, most of the European indices ended in green.

US Markets

US Closed

Price

Change

% Change

Dow

26,828.47

164.07

0.62

S&P 500

3,306.51

11.90

0.36

Nasdaq

10,941.17

38.37

0.35

GlobalDow

2,974.63

2.84

0.10

 

Europe Markets

Europe Closed

Price

Change

% Change

FTSE 100

6,036.00

3.15

0.05

DAX

12,600.87

-46.11

-0.36

CAC 40

4,889.52

13.59

0.28

FTSE MIB

19,613.95

234.16

1.21

IBEX 35

7,021.60

46.60

0.67

Stoxx 600

363.39

-0.25

-0.07

 

Commodity

Commodity

Price

Change

% Change

Gold

2028.10

7.10

0.35

Oil

41.56

-0.14

-0.34

 

Previous Article Q1FY21 results: Tata Consumer Products net profit rises by 81.78 per cent YoY
Next Article Index trend and stocks in action on August 05, 2020

Please login or register to post comments.

DSIJ MINDSHARE

12345Last