Gift Nifty in early action is flirting with its dotted lines.
Please note, the benchmark Nifty will react to the 3-big catalysts:
1) PM Modi speaks with President Trump as the two leaders discuss India–US trade negotiations, a move that could bolster investor sentiment at Dalal Street.
2) TCS results meets streets’ expectation. Please note, overnight INFY ADR was up 2%.
3) Wall Street’s rally stalls after recent record highs, as government shutdown concerns resurfaced.
Bottom-lone: Up again for benchmark Nifty?
Hopefully, Yes!
7:00 AM GLOBAL UPDATE:
GIFT Nifty 🇮🇳: (-25, 25235)
Dow Futures: (+77, 46436)
Nasdaq 100 Futures (+63, 25161)
Nikkei (-330, 48251)
Hang Seng (-229, 26524)
Dow Jones (-243, 46358)
Nasdaq Composite (-19, 23025)
Bovespa (-437, 141708).
WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:
Wall Street wobbled and trended lower in entire Thursday’s session, as worries about the ongoing government shutdown began to creep higher.
As on Thursday’s close, the Dow Jones Industrial Average was down 0.5% at 46,358, the broader S&P 500 was 0.3% lower at 6,735, and the tech-heavy Nasdaq Composite had given back 0.08% to 23,024.
Gold prices ($3987 per ounce) is slipping below $4,000 per ounce as the dollar strengthens.
Bullish gold traders also booked profits following a ceasefire deal between Israel and Hamas.
The US dollar index (99.37) has risen to a two-month high, making bullion more expensive for overseas buyers.
WTI crude oil futures stayed depressed near $61.50 per barrel, as investors weighed a smaller-than-expected OPEC+ output increase against persistent oversupply concerns and weak demand prospects.
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