MARKETS ON THURSDAY: Crude at $80/bbl, K'taka verdict keep indices on edge

Benchmark indices slipped on Thursday, hurt by financial stocks

8:41 AM

Nifty outlook from Prabhudas Lilladher for today

Nifty has its daily trend turned down after 3 days along with Bank Nifty after 12 days. Nifty on daily chart confirms a lower top formation with a corrective move. The support for the day is seen at 10670 while resistance is seen at 10800. RIL, along with frontline banks like HDFC Twin, ICICI has started showing signs of exhaustion while FMCG still is in green. We suggest a very cautious approach with high crude & Rupee weakening. READ MORE

 

8:38 AM

Markets on Wednesday

 

S&P BSE Sensex	35,387.88		-0.44%
Nifty 50	10,741.10		-0.56%
S&P BSE 200	4,660.46		-0.38%
Nifty 500	9,328.70		-0.40%
S&P BSE Mid-Cap	16,024.86		-0.27%
S&P BSE Small-Cap	17,536.01		0.06%

8:36 AM

SGX Nifty

The SGX Nifty was at 10,765, up 0.01 per cent from the previous close.

8:33 AM

Asian Markets

Asian shares held steady on Thursday, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form a coalition could ask the European Central Bank to forgive 250 billion euros of debt.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed, while Japan’s Nikkei gained 0.4 percent and South Korea’s KOSPI rose 0.4 percent.

8:33 AM

Wall Street

Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in US bond yields to an almost seven-year high suggested more competition for equities and investors fretted over geopolitics.

 

The Dow Jones Industrial Average rose 62.52 points, or 0.25 per cent, to 24,768.93, the S&P 500 gained 11.01 points, or 0.41 per cent, to 2,722.46, and the Nasdaq Composite added 46.67 points, or 0.63 per cent, to 7,398.30.

8:32 AM

Good Morning!

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