Pre Market - Snapshot - 30-09-2021


 

US markets traded mixed post Tuesday's sell-off on concerns about rising yeilds. Dow rose 0.26%, S&P 500 added 0.16%,  tech heavy Nasdaq was the laggard falling 0.24%, small cap Russell 2000 lost 0.20%.


US dollar index rose sharply to move near 94.35, both Cboe Vix and US 10 year eased a bit at 22.56 and 1.51% respectively. 


Crude futures traded flat after witnessing some profit taking on Tuesday on risk-off trade. WTI traded near 74.75, Brent near 78.5.

Indian stocks ended down, a day ahead of September expiry, on global equity sentiments. Sensex fell 0.43%, Nifty that almost turned positive towards the final hour, failed to do so, closing 0.21% down. Mid and Small cap stocks outperformed with strong gains after a while.


For the day watch for September expiry related moves in individual stocks and some stability in benchmarks. Continue to watch for emerging trends in sectors that are underperforming or ignored and showing some improvement in outlook. They may outperform the market over next 3 to 4 months. Our preference remains with economy facing names that may benefit due to reopen trade and asset ownership.

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