Pre Market - Snapshot - 13-09-2021


 

US benchmarks ended lower on Friday posting weekly losses as investors worried that the high number of coronavirus delta variant cases may be slowing economic recovery.

The Dow dropped 0.80%, S&P also lost 0.80%, Nasdaq closed  0.90%, down. The small cap Russell 2000 fell 0.96%.


US dollar index traded steady near 92.62, 10 year near 1.34%, cboe vix moved sharply higher near 21. 


Crude futures moved higher on supply tightness, Brent traded above 73, WTI above 70. 


Indian stocks closed just above the flat line on Thursday on the back of gains in IT and telecom stocks. Nifty bank continued to trade a bit down. Mid and small cap index outperformed on Thursday. 


For the week watch for some more consolidation on the back of global equity sentiment. Traders may wait for some give backs towards the end of the series for better risk-reward equation before loading up for next move. For investors near term givebacks may provide one more opportunity to rebalance the portfolio.

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