Pre Market - Snapshot - 26-08-2021

 


US stocks moved higher on Wednesday led by banks and re-opening stocks.The Dow closed just above flat line at  0.11%, S&P added 0.22% to new closing highs topping 4500 intraday. The Nasdaq also closed just above flat line gaining 0.15% to new closing highs. The small cap Russell 2000 also added 0.37%. 


US dollar traded steady near 92.82, 10 year moved higher at 1.34% ahead of Fed symposium. Cboe Vix closed below 17. 


Crude futures continued to stay strong, WTI moved near 68, Brent near 72. 


Indian stocks turned volatile near fresh record highs. Indices closed flat after hitting fresh records as heavyweight sectors like banks, autos, pharma sold-off. Oil & Gas and power sector held ground in a lackluster market. Mid and small cap stocks showed some resilience to move higher. 


For the day watch for August series expiry related volatility and some consolidation before the crucial Fed meet. Individual names may continue to top the charts till Nifty takes out the resistance zone of 16650-16700.

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