Dalal St Likely to Open on a Positive Note; Factors Affecting Nifty50 on Dec 30

Written by corres2

By Malvika Gurung — The listed on the Singapore-based Exchange SGX, an early indicator for , was found trading 0.12% higher at 8:00 am on Thursday, indicating Dalal Street to open at a muted-to-positive note. At the same time, the was marginally up 0.01%.

The three major indices of Wall Street ended on a muted note on Wednesday, with and ending on record highs, led by consumer spending-sensitive and retailer stocks. Home Depot (NYSE:) and Nike (NYSE:) were major gainers, while closed slightly lower amid a broader rotation out of technology stocks.

Tesla dropped over 2% on Wednesday, leading the losses for Nasdaq on Wednesday, as CEO Elon Musk sold another $1 billion in the company stock.

The tech-heavy dropped 0.1%, Dow Jones advanced 0.25%, and S&P 500 ended 0.14% higher on Wednesday.

Stocks across the Asian markets opened sluggish on Thursday, with concerns rising around the growing number of Omicron cases and tighter policies, eclipsing the rally on Wall Street.

At 8:10 am on Thursday, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.37%, while South Korea’s dropped 0.1%, and Japan’s declined 0.17%.

At the same time, Hong Kong’s was up 0.67%, and China’s climbed 0.81%.

Source link

About the author


Leave a Comment



Confirmed: 37,901,241Deaths: 487,202


Confirmed: 333,567,561Deaths: 5,550,861