Pre Market - Snapshot - 28-09-2021



 US stocks were mixed on Monday as Treasury yields rose, traders braced for the final week of a volatile September and US lawmakers trying to avert government shutdown. Dow added 0.20%, S&P slipped by 0.28% and Nasdaq Composite shed 0.52%. Energy stocks and bank shares pushed higher into positive zone. The small cap Russell 2000 outperformed on Monday with gains of 1.46%.


US dollar index moved higher near 93.40, 10 year topped 1.5% for the first time since June on improving economic prospects, Cboe Vix moved higher near 19.


Crude futures continued to trade higher, WTI moved above 75, Brent above 79.


Indian indices turned choppy into record high zones as rotational trade into new sectors helped indices to stay just above the flat line but some profit booking in heavyweight sectors like IT and FMCG took index lower from intraday highs. Auto stocks were star performers gaining almost 3% offsetting weakness in IT names that were down 3%. Mid and small cap names were also mixed for the day.


Watch out for continuation of rotational moves ahead of September expiry and some fresh breakouts in economy facing sectors at the expense of popular names for near term.

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