Pre -Market -Snapshot - 08/09/2022

 


US Markets posted a sharp rally on wednesday trading session and closed in green by breaking its three days loosing streak as Dowjones  and Nasdaq racks up gains upon cooling yields  where Nasdaq ended up by more than 2% whereas as Dowjones and S&P 500 ended up by more than 1.5% in the day .


USD index cooled off little bit after making fresh hghs from the few days to trade at $109.53 at the end of the day.


Crude futures continued to trade down as supply piles up and slow global growth is chipping away energy demand due to which US Crude Futures WTI and Brent Crude Futures ended down by more tan 5%in the day.


Even though undecisiveness in investors mind , Fed interest rates tappering fearness  and weak global cues our indian markets continuing to show strength amid unfavourable global performance which made indian markets to close almost at flat after U shaped recovery upon gapdown  in the early trading session where Nifty50 and Sensex closed near to 0.18% down respectively .


Fear may continue to grip D-street that may remain volatile as participants seek definite mandate on war over infaltion but considering Global cues upon cooling yileds our markets will tend to follow global sentiments to show some strength in todays trading sessions


For todays trading sessions have an eye on Niftys 17650 level to grab some gains on upperside and 17500 support on downside .

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