Pre Market - Snapshot - 31-08-2021

 


US stocks ended mixed on Monday, Dow closed marginally in red with cuts of 0.16% but both S&P and Nasdaq closed at fresh record highs with gains of 0.43% and 0.90% respectively. The small cap Russell 2000 ended the day with a cut of 0.11%. 

US dollar index traded steady near 92.71, 10 year declined further below 1.29%, Cboe Vix closed near 16.19. 

Crude futures traded steady, WTI above 69, Brent above 73.

The benchmark equity indices on the BSE and NSE surged over 1.35%  to trade at fresh record highs amidst positive cues in the global markets. BFSI, Metal and Pharma names led the bulk of gains while IT stocks underperformed post strong run in the previous week. Mid and small cap stocks also gained between 1.5% to 1.9%. 

For the day watch for consolidation in indices post a strong Monday. Focus on individual names that may start to outperform the indices from hereon. Do not chase the gap ups wait for intraday give backs to trade the stocks during the day. Continue to trail stop to 16500 for the next leg up for the near term trading positions.

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