Daily Morning Digest


Nifty Outlook

Nifty is likely to open on a tepid note and trade in a range with positive bias. If Nifty sustains around 8100-8080 levels then a pullback can be expected towards 8180-8200 level. If Nifty breaks below 8100-8080 level then Nifty is likely to go towards 8000 level.

Global Backdrop

Asian Market is trading mixed this morning. While the Shanghai index is trading lower with a cut of 10.81 points or 0.33%, the Hang Seng Index is trading with a gain of 39.93 points or 0.18%. The Japanese Index Nikkei 225 is trading flat with marginal gain of 0.01%.

SGX Nifty is trading in green with a gain of 26 points or (0.32%).

The US market broke a seven-day winning streak  and closed mixed on Wednesday. The Dow Jones industrial average declined by 54.92 points, or 0.30%, to 18,868.14. The S&P 500 index slid by 0.20% to 2176.94. However,rally in  technology companies led the Nasdaq composite index to close in green with a gain of 18.96 points or 0.36%.

Key Events

China – House Prices

Eurozone – Core CPI, CPI, ECB Publishes Account of Monetary Policy Meeting

UK – Core Retail Sales, Retail Sales

France – French Unemployment Rate

Russia – Central Bank reserves

US – Continuing Jobless Claims, Core CPI, CPI, Housing, Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Philly Fed Business Conditions, Philly Fed CAPEX Index, Philly Fed Employment, FOMC Member Dudley Speaks, Bloomberg Consumer Confidence, Fed Chair Yellen Testifies, Natural Gas Storage, Cleveland CPI, FOMC Member Brainard Speaks, 10-Year TIPS Auction, Chicago Fed President Evans Speaks

Stocks in Focus

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