Here’s breaking down the pre-market actions:
STATE OF THE MARKETS
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 40.5 points, or 0.22 per cent, lower at 18,627.50, signaling that Dalal Street was headed for a negative start on Friday.
- Tech View: Nifty has to hold above 18350 for an upmove towards 18600, whereas supports are placed at 18250 and 18188 levels.
- India VIX: The sharp upmove in equities on Thursday drove risk-on sentiment in the market and pulled down the volatility index by 4% to 13.48 points.
US markets closed
The US markets were closed for holiday on account of Thanksgiving.
Asian shares slip
Asian markets were trading lower with shares in Hong Kong off the most. The Hang Seng was down 0.93% while China’s Shanghai Composite was off 0.35% and Japan’s Nikkei 225 was lower by 0.20%.
Oil inches up
Oil rose in early trade on Friday, trimming some of the week’s losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven (G7) nations on Russian oil will keep supply flowing. Brent crude futures inched up 13 cents, or 0.2%, to trade at $85.47 a barrel at 0121 GMT.
Foreign portfolio investors (FPIs) on Thursday net bought shares worth Rs 1,232 crore, provisional data showed. DIIs, however, sold shares to the tune of Rs 236 crore.
Rupee: The Indian unit rose against the dollar on Thursday and ended at 81.63 per dollar against the previous close of 81.8450.
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