The tech sector become the sole reason of the rise in Wall Street’s three major indexes. At the same time, the oil prices weighed on the energy sector. In Wall Street’s three major indexes, the S&P 500 rose 12.25 points or 0.45 percent to 2,746.87, the Dow Jones Industrial Average gained 178.48 points or 0.72 percent to 24,813.69, and NASDAQ Composite added 52.13 points, or 0.69 percent to reach 7,606.46 which is a record closing high. On the other hand, the European market have shown the positive sentiments as Wall Street where the major indexes of European market FTSE 100 have gained 0.51 percent.
SGX NIFTY has continued its weakness for its seventh consecutive day. Thus, despite positive response in global market, the chance of domestic market is to open with flat to negative sentiment. Investors will keep eye on the going RBI Monetary Policy which may influence the domestic market.
As per the derivative data, the highest open in Put 10600 and 10500. And Call 11000 and 11700. Today’s market range will be 10540 to 10680.
Indian volatility index on the backdrop of falling domestic market has shown a rise to 14.825. Thus, confirming pressure of bears in the market.