Thursday, 22 February 2018

Markets expected to be volatile ahead of Feb Expiry@HIGHLIGHT UPDATES

SGX Nifty is indicating a negative for the Indian markets.

Indian markets are expected to continue to witness volatility in today’s trade as faster than anticipated hikes in US interest rates lifted treasury yields to highest levels in more than a decade.

In stock specific news Aurobindo Pharma, Ambuja Cements and Bosch to be excluded from Nifty 50, while BajajFinserve, Grasim, and Titan would be included in the index from April 2.

Global markets: Asian markets are also trading mixed at present. Nikkei is currently down 1.25%, Hang Seng is trading 1.12% lower, while Shanghai Composite is up 1.40%.

US Markets: Wall Street witnessed selling pressure in yesterday’s trade. The Dow fell 0.7% to 24,797.78, the Nasdaq dipped 0.2% to 7,218.23 and the S&P 500 fell 0.6% to 2,701.33.

The lower close on Wall Street came as traders expressed concerns after the minutes of the Fed's January meeting indicated the central bank still plans to raise interest rates three times in 2018.

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