Asia markets to open mixed, as investors weigh more wall street earnings, Nik,28540/-66/-0.23% Dj,33897/-80/-0.23% Vix16.46/-2.2% US stock futures are slightly down as investors parse corporate earnings,
Oil,78.8,falls 2% as dollar gains on potential Fed rate hike, Gold,2004,slides as yield climbs, doubts grow about Fed’s rate hike pause, Bonds,3.599,rise on global inflation concerns after another hot reading in the UK, Dollar,rise on gaining yield , british inflation lift pound, BC 28897/-1302/-4.3%
Nifty:17618.75/41.4/0.23%;Candle:OGF,Short day red ; Bank Nifty:42154/111.2/0.26% Candle:OGF,Short day red ; HB:OGF,Doji,1666,
News:SGX Nifty indicates a mildly positive start for the broader index with a gain of 23 points after the Nifty closed 41 points lower at 17,618 on Wednesday. SGX futures stood at 17,676.
SGX Nifty indicates a mildly positive start for the broader index with a gain of 23 points after the Nifty closed 41 points lower at 17,618 on Wednesday. SGX futures stood at 17,676.
China, India to lead global growth over the next five years: IMF report, NSE IFSC-SGX Connect to kick off on July 3; SGX NIFTY to be delisted,
Events/Results:
HCL Technologies and ICICI Prudential Life Insurance Company will be in focus ahead of quarterly and full-year earnings on April 20. Cyient, Sterling and Wilson Renewable Energy, Bodhi Tree Multimedia, Orient Green Power Company, Oriental Hotels, Rajnish Wellness, and Reliance Industrial Infrastructure will also release quarterly numbers on the same day.
The National Stock Exchange has not added any stock to its F&O ban list for April 20.
Market wrap up(DWM,T,N,E):The selling pressure in the equity markets continued for the third day in a row but the trading range gradually narrowed on April 19 with the Nifty50 taking support at the 17,600 mark as well as 200-day moving average (DMA), ahead of the weekly expiry on April 20. The index settled at 17,619, down 41.40 points and formed a bearish candle on the daily scale with small upper and lower shadows, indicating a rangebound and volatile session. The BSE Sensex was down 159 points at 59,568. The Nifty Midcap 100 and Smallcap 100 indices also closed in red with moderate losses after breaking a seven-day winning streak and eleven-day gains respectively. “On the lower end, the Nifty found support at the 200DMA for the second time in the last three days, pointing towards the importance of the said support,” a decisive fall below the 200DMA (17,587) may trigger the panic button. In that case, the Nifty might fall towards the 17,400 level, where the next level of support lies, The momentum indicator is indicating weakness with its bearish crossover on the daily timeframe. Therefore, the near-term trend looks negative, while the short-term set-up remains a buy on dips until the Nifty falls below 17,400 decisively, the market expert said.
