Index Market Analysis 🚩🚩
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3️⃣ Things that will decide the markets today 📈
1) GIFT NIFTY traded 20 points higher at 19,693 signalling that the Indian Stock Market is headed for a positive start.
2) Following quarterly reports that kicked off earnings season this month, major US indices ended on a higher note, although the S&P 500 ended down slightly with bank and financial shares mostly lower on the day. For the week, the Dow was up 2.3%, the S&P 500 rose 2.4% and the Nasdaq advanced 3.3%. The S&P 500 remains up 17% for the year to date.
3) Indian VIX declined 2.33% plunging down to 10.68 from its 11 levels. The volatility appears to be relaxed given strong response from the FII's who turned buyers on the street, floating 2,636 crores on Friday.
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