SGX Nifty is currently trading in the red down 51 points at 10742. Markets are expected to trade with a negative bias in today’s session as trade war concerns between US and China sore leading to selling pressure in global equities.
Global markets: Major Asian markets are trading with deep cuts at present; Nikkei is down 0.62%, Hang Seng is down 1.85% while Shanghai Composite is trading 1.32% lower.
US Markets: Major averages ended on a lackluster note in yesterday’s trade. The Dow closed lower for the fifth consecutive session, although the tech-heavy Nasdaq managed to close marginally in the green. The Dow fell 0.4 percent to 24,987.47, the S&P 500 dipped 0.2% to 2,773.87, while the Nasdaq inched up less than a tenth of a percent to 7,747.02. The weakness on Wall Street reflected concerns about a global trade war after the U.S. and China announced plans to impose tariffs on billions of dollars worth of imported goods, with China retaliating soon after.
European market ended in the red yesterday with FTSE down 0.03%, CAC was down 0.94% while DAX closed 1.37% lower.
Global markets: Major Asian markets are trading with deep cuts at present; Nikkei is down 0.62%, Hang Seng is down 1.85% while Shanghai Composite is trading 1.32% lower.
US Markets: Major averages ended on a lackluster note in yesterday’s trade. The Dow closed lower for the fifth consecutive session, although the tech-heavy Nasdaq managed to close marginally in the green. The Dow fell 0.4 percent to 24,987.47, the S&P 500 dipped 0.2% to 2,773.87, while the Nasdaq inched up less than a tenth of a percent to 7,747.02. The weakness on Wall Street reflected concerns about a global trade war after the U.S. and China announced plans to impose tariffs on billions of dollars worth of imported goods, with China retaliating soon after.
European market ended in the red yesterday with FTSE down 0.03%, CAC was down 0.94% while DAX closed 1.37% lower.
INDEX OPTION CALL: BUY NIFTY 10750 PUT ABOVE 85.00 TARGETS 100.00 / 120.00 / 145.00 STOPLOSS 60.00
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