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3️⃣Things That Will Decide The Market Today 📈
🔴 GIFT NIFTY opened 26 points higher at 22,476 signalling that the Indian stock market is headed for a positive start today.
🔴 U.S. stocks dropped on Friday following disappointing results by major US banks. The week experienced uncertainties due to inflation news, Fed's plans, and global tensions. All major indexes fell over 1% and registered losses on the week.
🔴 The volatility index India VIX went up by 3.83% to the levels of 11.53 indicating increasing volatility in the market.
3️⃣Things That Will Decide The Market Today 📈
🔴 GIFT NIFTY traded 38 points lower at 22,676 signalling that the Indian stock market is headed for a negative start today.
🔴 U.S. stocks jumped up on Thursday, mainly because of strong tech companies and hopes that inflation is cooling. The Nasdaq rose significantly and ended at 1.68%, especially helped by megacaps, sensitive to interest rates. The S&P 500 also went up and ended at 0.74%, but the Dow ended essentially unchanged.
🔴 The volatility index India VIX plunged down by 2.18% to the levels of 11.11 indicating depleting volatility in the market.
