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Pre-Market-Snapshot- Jan 3 , 2023

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  Global markets traded mixed on the first trading day of the new calendar. European stocks traded higher but Asian names traded flat to negative on Monday. US markets remained shut on account of New year's holiday.    Indian stocks moved higher on Monday led by Metal/Infra stocks and heavyweights like RIL. Stocks started the day with some losses but reversed the course mid way to gain some strength on the back of strong economic data raising optimism on growth prospects of the Indian economy. Nifty closed almost 92 points higher and Sensex gained 327 points at close.  Markets may continue to consolidate ahead of key US data and presentation of Union Budget next month. Global central banks' outlook on inflation / rate action, Indian state elections outcome, Chinese COVID policy action remain key monitorables for CY 2023. Participants may continue to rotate positions amongst sectors for outperformance in near term and also watch for early trends for a positional trade...
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Pre-Market-Snapshot-Jan 2 , 2023

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  US stocks fell on Friday ending its worst year since 2008. Sticky inflation, aggressive rate action by FED and worries over slowing growth continued to weigh over investors mind. Dow fell 0.22%, S&P lost 0.25% and Nasdaq closed 0.11% lower.  USD index traded near multi-week low of 103.49, 10 year moved higher near 3.88%, Cboe vix moved higher near 21.67.  Crude futures gained almost 3% as USD index eased, WTI moved near 81, Brent near 86.  Indian stocks ended in red on the last trading day of 2022, stocks traded in a narrow range before ending down on Friday. Sensex lost nearly 300 points, Nifty gave back 85 points at close.  Markets may start to show some definitive trend as volumes turn normal post holiday season. New year allocation and pre-budget built up may dominate trade for couple of weeks from hereon. Participants may watch for development on the same before committing fresh money to the market. Early indications may provide a hint to the probable...
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Pre-Market-Snapshot - Dec 30 , 2022

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  US markets rose on Thursday erasing previous day's losses  after the labour department reported an increase in jobless claims that were slightly higher than anticipated. Dow moved higher by 1.05%, S&P added 1.75% and Nasdaq added 2.59% in what can be termed as an abbreviated Santa Rally, turning Wall Street positive for the week.  USD index traded lower near 103.90, 10 year also turned lower near 3.83% and Cboe Vix dropped to 21.44.  Crude futures traded largely flat with small downside bias, WTI traded below 79, Brent near 82.  Indian stocks closed higher as final hour trade took indices out of the negative zone, December series expiry related volatility and year-end consideration took stocks higher on the penultimate day of 2022 year-end. Sensex added 224 points and Nifty closed 69 points higher, most sectors barring FMCG participated in the late day rally on Dalal Street.  Strong mother market cues and falling USD index may help stocks to hold on t...
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Pre-Market Snapshot - Dec 29 ,2022

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 Wall Street sank on Wednesday extending year-end slide as worries over growth continued. Dow lost 1.10%, S&P dropped 1.20% and Nasdaq closed 1.35% lower. Apple and energy stocks took its toll on Dow and S&P respectively as the tech giant fell to its 52 week low and energy names fell as crude lost some ground.  USD index moved higher near 104.52, 10 year also continued its upward move near 3.89%, Cboe Vix closed up near 22.14.   Crude futures eased a bit on light trading as worries over Chinese COVID cases persisted, WTI eased near 78 and Brent near 83.  Indian indices closed near flat level amidst volatility owing to low volumes due to holiday season, stocks continued its rotational drive with Oil and Gas, Power and Fertilizer stocks gaining ground along with some positive momentum for IT names. Sensex lost 17 points and Nifty gave back 10 points at close.  Weak global cues and December series expiry will dominate trading today, the day may see ind...
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Pre-Market-Snapshot - Dec 27,2022

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  Indian stocks made a roaring comeback on Monday erasing a large part of Friday's losses as bulls made a strong comeback. Sensex gained 721 points and Nifty added 208 points at close. Mid cap index gained 2.30% after getting hammered on Friday. All the major sectoral indices except Pharma names saw good rebound with banking names leading the charge on Dalal Street. US markets remained shut due to Christmas holiday giving bulls a breather from worries of shape of things to come for a day.  Markets may continue to remain volatile on lower participation due to the holiday season. Participants may continue to watch for individual names for near term trade till the global news flows start to turn favorable and volatility reduces. Investors may continue to use the current uncertain period to build up long term portfolios.
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Pre-Market -Snapshot - Dec 18 , 2022

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  US stocks reversed its  previous day's gains on weak corporate results and worries over slowdown. Dow lost almost 1.05%, S&P lost 1.45% and Nasdaq gave back 2.18%.  USD index traded flat near 104.42, 10 year also moved in a narrow band near 3.69% and cboe vix jumped near 22.  Crude futures traded in narrow band taking a breather after a strong couple of days moves, WTI remained near 78, Brent just below 82.   Indian stocks traded lower on worries over surging COVID cases in China, Japan, South Korea. The pressure of weekly options expiry intensified selling towards the end of the day. Sensex lost 241 points to close below 61000, Nifty lost 72 points and closed near 18127.  Weak global cues and worries over rising COVID cases may continue to dominate trade at open at Dalal Street. Participants may watch out for any signs of stabilization before putting additional money to work for near term but investors with long term horizon may use the current ...
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Pre-Market-Snapshot - Dec 19,2022

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  US stocks fell on Monday extending Friday's losses on fears of aggressive FED action pushing economy into recession. Dow fell 0.49%, S&P lost 0.90% and Nasdaq lost the most seeing a cut of 1.49%.   USD index eased a bit to trade near 104.62, 10 year moved higher near 3.59%, cboe vix closed lower near 22.42.  Crude futures gained some ground, WTI moved above 75, Brent traded above 80.  Indian stocks recorded their best daily gains in three weeks reversing a two day sell-off, consumer stocks along with auto names gained ground. Sensex gained close to 470 points and Nifty added 150 points over Friday's close.  Stocks may continue to hold promise despite of weak cues from global markets. Indices may continue to consolidate as cross currents of global weakness over local optimism restrict upside in benchmarks. Participants may continue to rotate positions to outperform the index.
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