Pre -- Market - Snapshot 9/9/2022

 


US stock markets followups  previous days positive streak amid fed chair jerome Powell's comments on the central bank continuing to fight inflation and investors obsorbed volatility to end  Nasdaq and Dowjones in green with more than 0.6% up.


USD index closed near flat after dipecting unsavoury movement in the day to end at $109.6.


US Crude future WTI settled up by raising 2% in the day to end at $83.54 per barrel whereas Brent futures settled up at 1.3 % to end at $89.15 per barrel.


Dalal Street continuing it's winning streak from past three consecutive days as Indian benchmark indices jumped  more than one percent to three weeks closing highs  powered by financials and IT shares to make Nifty climb to 17800 crucial level

Hawkish commentary from fed policy makers is driving the markets as it seems like investors are obsorbing all bad news


Markets may continue to remain volatile untill inflationary concerns cools off ,in near short-term fed may act as a watchdog to bring down dangerous balancesheet assets to cool inflation to normal levels


Watchout Niftys 17800 -17830 levels to grab more gains on upside till 18000 psychological mark similarly watchout bankniftys 40300 level for grabbing more gains on upside till 41800

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