Pre Market - Snapshot - 01-09-2021

 


Wall Street closed marginally lower on Tuesday as slower than anticipated growth in US and China weighed on the sentiments.Dow closed down by 0.11%, S&P closed 0.13% down, Nasdaq closed just below the flat line. The small cap Russell 2000 saw a marginal outperformance with gains of close to 0.34%. 


US dollar index traded near flat zone at 92.62, 10 year moved higher on month end consideration at 1.31%, Cboe vix moved marginally higher near 16.48.


Crude futures traded flat ahead of OPEC+ meet on output plans, WTI traded near 68, Brent below 73. 

 

Indian indices traded at record levels as Sensex topped 57500 and Nifty crossed 17000 for the first time in history. It was all round performance from index stocks that took benchmarks higher in excess of 1.15%. Though the markets exhibited fresh expansion the gains were limited to index heavyweights and some popular names, broader markets showed some mixed performance with the advance - decline ratio turning marginally negative. 


For the day watch for some consolidation at open followed by stock specific moves. Continue to accumulate quality names from broader markets with three month view starting October.

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