Equity Tips

header ads

SGX Nifty indicates a negative opening for Indian markets

For today, expect weak global cues to see a weak opening with second-half recovery as markets grossly oversold.
 capitalstars
SGX Nifty is at 11,135, up by 38 points.
Nifty was under pressure 6th day running as foreign investors continue to sell with NBFCs, auto and metal stocks reacting on the downside. The local buying was steady, however, sentiment continues to be weak after the recent volatility witnessed post the Corporate tax cuts announced by the Government. For today, expect weak global cues to see a weak opening with second-half recovery as markets grossly oversold. 

US Market: US indices closed with losses on the back of negative rhetoric before US/China talks begin, which sends bulls on the back foot. Oil prices fall as growth fears see bond yields fall, while safe-haven buying sees gold rally after weeks of consolidation. Federal Reserve Chairman indicates another rate cut is coming this month.

Asian Market: Asian indices opened in the red as overnight US cues were weak after negative rhetoric between both countries saw markets fall before trade talks begin tomorrow. The Asian markets have been under pressure due to slowdown in consumption and are looking forward to resolution between US/China trade talks as both are huge consumers and could help the region grow after a weak 2019 till now.

Get more details here:
  Mcx Tips, Derivative-Free TrialIntraday Stock tipsCall on:9977499927* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

Post a Comment

0 Comments