Pre Market _ Snapshot_ 2-02-2022

 



US stock indices closed on a positive territory which is counter intuitive to the early trade session where investors faced treacherous  backdrop of volatility driven by the fed announcements . As Nasdaq closed at 0.75% followed by Dowjones at 0.78%.

On Data Side US Crude futures down by 1.1% lower ended at $87.2 amid growing speculations of pent up in supply by a top oil  producers.


Indian Stock markets closed on a higher note on Budget day amid major announcements given on infrastructure capex boostup  , Tax on Digital assets. following which Nifty50 need with 1.37% up ,Sensex ended with 1.48% up by 848 points.

On Data Side Auto sales data is out at the backdrop of FM Nirmala Sitaraman announcing measures to enhance EV ecosystem in india. 

Except Mahindra&Mahindra and Tatamotors  all other major auto  players  posted below the estimates made.

For today's trading session watch out Nifty50 17600 level crossover for some further upmove and 17800 on higher levels.

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