Pre Market - Snapshot - 15-09-2021


 

US stocks ended lower giving up early gains inspired by softer-than-expected August inflation print on worries that the pricing pressure may persist. Dow dropped  0.8% to end at 34,577.57,  S&P 500 declined 0.6%, Nasdaq fell 0.5%, small cap Russell 2000 fell 1.37%. 


US dollar index traded steady near 92.66, 10 year fell sharply near 1.28% on lower inflation, Cboe Vix traded flat near 19. 


Crude futures traded steady with minor positive bias, Brent just below 74, WTI near 71. 


Indian premier benchmarks traded steady with mild upward bias but mid and small cap stocks outperformed on Tuesday. Media stocks gained the most under the leadership of Zee. Metal, FMCG stocks saw some profit taking. 


For the day continue to focus on stock specific trades as main indices consolidate. As indicated earlier keep trading horizon brief and expect lower returns for near term trades. For medium term wait for give backs towards end of month and start building positions for next move.

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