Foreign signals have been mixed for the Indian share and Stock market today, which closed with great momentum on Thursday. SGX Nifty is trading above 11400, losing 40 points. However, Dow Futures and Nasdaq Futures are looking good, Dow Futures are trading at more than 150 points, while Nasdaq Futures is also leading by 70 points.
Global Stock Market Status
On Thursday, the American market once again fell into selling. The Dow Jones closed down 406 points. The S & P500 also recorded a 60-point decline. The Nasdaq once again closed down by a massive 222 points due to a sharp drop in IT stocks. Talking about the rest of the Asian markets, Japan’s Nikkei is open to a slight edge, while the Hang Seng of Hong Kong is trading with a slight edge. China’s Shanghai Composite opens in red marks. European markets fell slightly on Thursday. France’s CAC 40 closed down 0.38%, Germany’s DAX 0.21% and London’s FTSE 100 fell 0.16%.
Crude Oil is Under Pressure
The European Central Bank (ECB) did not make any changes to rates or asset purchases. The ECB has predicted that the entire eurozone GDP is expected to be 8% this year. However, this is only slightly higher than earlier estimates. Crude oil is under pressure due to increasing U.S. reserves. Gold returned sharply due to the dollar slipping.
What are Today’s Strategies?
Foreign signals have been mixed for Indian markets. US Stock Market fell more than expected yesterday, although they were expected to fall. Right now the Dow is trying to handle the future. The decline in US markets is due to its own reasons. The stimulus is not able to talk about the package, its effect is. It is clear from the last 7 trading sessions that the direction of American markets is not clear. The support range for the Nifty today is 11325-11375, while 11500-11550 will be the upper range. Meanwhile, the support range for Bank Nifty is 22075-22225, while the upper range is 22650-22850.
Shares Rise and Fell at Nifty
Bharti Infratel, Titan, Britannia, HDFC Life, SBI, HUL, BPCL, GAIL, HDFC Bank and Sun Pharma shares may boom today. While HCL Tech, Nestle India, Adani Ports, Shriram Cements, Eicher Motors, Infosys, ZEEL, L&T, ONGC shares may fell.