SGX Nifty indicates a positive opening for Indian markets | Ethical Research Market Updates

For today, expect some more upside with intraday volatility seeing both sided movements.

SGX Nifty is at 10,886, up by 29 points. Nifty saw a smart come back yesterday from deeply oversold territory as banks and financials led the rebound. Nifty moved 110 points from low to high even as bank nifty was the clear outlier. Banks, metals and financial services stocks rallied while auto was the clear laggard even as the broader market underperformed. For today, expect some more upside with intraday volatility seeing both sided movements.

Equity Tips By Ethical Research
Stock Market Tips By Ethical REsearch



US Market: US indices close Wednesday with gains as globally markets rebound. S&P 500 sees highest close in 2 months as energy stocks rebound with crude jumping 4% as Hong Kong settles extradition bill and Hurricane Dorian threatens to disrupt supplies. Bond yields remain range bound while gold sees profit booking.

Asian Markets: Asian stocks saw a superb come back late yesterday afternoon as Hong Kong authorities removed the controversial extradition bill & which saw the Hang Seng rally nearly a 1000 points. The ripple effect could see more color of green in Asian markets as China return of normalcy bodes well for global growth.

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