Index Market Analysis 🚩🚩
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3️⃣ Things That Will Decide The Market Today 📈
1) GIFT Nifty traded lower by 22.5 points at 19571, signaling that Indian stock market is headed for negative start today.
2) U.S. stocks ended sharply lower on Wednesday, with the S&P 500 and Nasdaq falling more than 1% each, as Treasury yields rose again and investors assessed the latest batch of quarterly corporate results and forecasts.
3) India VIX rose by more than 2.50% to the levels of 10.96 levels. Volatility was up and caused comfort to bears with profit booking in the market.
3️⃣ Things That Will Decide The Market Today 📈
1) GIFT Nifty traded higher by 25.5 points at 19725.50, signaling that Indian stock market is headed for positive start today.
2) Wall Street's three major indexes opened higher but lost ground after a preliminary reading on U.S. consumer sentiment showed a sharp fall in October. The S&P 500 and the Nasdaq closed lower on Friday as deteriorating consumer sentiment data and the Middle East conflict soured investors on riskier bets and overshadowed upbeat quarterly earnings from some of the largest U.S. banks.
3) India VIX stood at the levels of 10.62, indicating a stable interest in the market, but still be tested with the likes of traders ahead of the results and the global sentiments.
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3⃣ Things That Will Decide The Market Today
🔴 GIFT Nifty traded higher by 24.5 points at 19699.50, signaling that Indian stock market is headed for positive start today.
🔴 U.S. Treasury yields rose and the dollar strengthened while global stock markets fell on Thursday after data showed U.S. consumer prices increased more than expected in September.
🔴 India VIX was down by 3.30% from 10.98 to 10.61 levels. Volatility cooled off and paved way for the bulls to strengthen in the market
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