Benchmark Nifty closed marginally down on Wednesday, after recovering 180 points from day's low. Analysts say Indian equities are likely to remain range-bound ahead of the US Federal Reserve’s policy decision, with a rate hold. However, the Fed’s guidance on the future rate trajectory will be crucial for near-term market direction, particularly given September’s projections indicating the possibility of another hike by December. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 59 points, or 0.26 per cent, at 22,792, signaling that Dalal Street was headed for a positive start on Thursday. Tech View: A decisive breakout beyond these levels will trigger the next trending move. With elevated crude oil, US 10-year yields topping 5%, and India VIX above 15, traders should maintain caution and strictly align strategies with the prevailing broader trend.
India VIX: India VIX, which is a measure of the fear in the markets, fell 0.1% to settle at 16.24 levels. Asian shares edge higher Nasdaq 100 Index futures dropped 0.9% and contracts for the S&P 500 slipped 0.4% as Samsung Electronics third-quarter earnings missed estimates. Elsewhere, Alphabet slumped 10% in extended trading after the Google parent’s sales underwhelmed. MSCI Inc.’s Asia Pacific equities gauge climbed 0.3%, led by gains in Japan’s Nikkei 225.
S&P 500 futures fell 0.3% as of 9:58 a.m. Tokyo time Hang Seng futures rose 0.1% Japan’s Topix was little changed Australia’s S&P/ASX 200 rose 0.3% Euro Stoxx 50 futures rose 0.1% US stocks end higher
US stocks ended higher on Wednesday after the Federal Reserve held interest rates steady, as expected, while investors assessed the central bank's economic outlook and looked ahead to quarterly results from Microsoft and Alphabet, Reuters reported. The gains came as chipmakers recovered from a recent selloff, with strong results from South Korean chipmaker SK Hynix supporting optimism around demand for artificial intelligence infrastructure. Gold dips
Gold slipped on Thursday as the dollar firmed, while investors assessed policy signals from the Federal Reserve and Chair Kevin Warsh after the central bank left interest rates unchanged and awaited key US inflation data due later in the day. Stocks in F&O ban today 1) Kaynes 2) SAIL Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit. FII/DII action
Foreign portfolio investors net bought shares worth Rs 872 crore on Wednesday. DIIs, meanwhile, were net buyers at Rs 643 crore. Rupee The rupee depreciated 21 paise to close at 95.28 against the US dollar on Wednesday, weighed down by a stronger US dollar and surging crude oil prices.
Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here
