Pre Market - Snapshot - 29-09-2021



Stocks sank on Tuesday with technology stocks leading the way lower as investors nervously eyed a swift rise in US Treasury yields. 

Nasdaq saw a drop of   more than 2.80% its worst day since March. S&P 500 also dropped 2%, its worst day since May while the Dow shed more than 1.60%. A new disappointing report on consumer confidence in September added to the risk-off mood in markets.


US dollar index moved higher to 93.73, 10 year moved further near 1.55% and Cboe Vix jumped above 23. 


Crude futures saw some profit taking post hitting 3 year highs, Brent fell near 78, WTI near 74.


Indian stocks fell near 0.60% at the close recovering from intraday cuts in excess of 1.5% on global risk-on sentiments. IT, Fmcg and Reality stocks were the top losers for the day. Oil & Gas and Power sector stocks outperformed the markets on Tuesday. Mid and small cap stocks also saw similar cuts to underperform for yet another day. 


For the day watch for continuation of volatility ahead of September expiry and some base building towards the end of the session. Traders may watch out for some stability by end of the week and fresh moves in economy facing names starting  next week for near term outperformance.

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