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3οΈβ£ Things That Will Decide The Market Today π
1) GIFT NIFTY traded 54 points lower at 21,574.00 signaling that the Indian stock market is headed for a negative start today.
2) Broad-based gains boosted all three major U.S. stock indexes and nudged the S&P 500 to within 1 percentage point of its all-time closing high reached in January 2022. If the benchmark index closes above that level, that would confirm it has been in a bull market since bottoming in October 2022
3) India VIX dropped by 0.23% to the levels of 13.87. The volatility still lingers over the usual rate indicating potential spread out of the Indices over a larger range of values.
3β£ Things That Will Decide The Market Todayπ
π΄ GIFT NIFTY traded 25 points higher at 21,479.50 signaling that the Indian stock market is headed for a positive start today.
π΄ All three major U.S stock indexes oscillated for much of the session, but by closing bell the S&P 500 was nominally lower, the Dow was modestly higher and interest rate-sensitive tech- and tech-adjacent momentum stocks put the Nasdaq out front.
π΄ India VIX was up by 6.55% to the levels of 13.13. The spurge in the volatility index comes as markets reach all time highs and heavy buying from the FIIs.
