Daily Morning Digest

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Nifty Outlook

Nifty is likely to open on a positive note. If Nifty sustains around 8100-8080 levels then a pullback can take Nifty towards 8180-8200 level. If Nifty breaks below 8070 level then Nifty is likely to go towards 8000 level.

Global Backdrop

Asian Market is trading on  a positive note this morning. The Shanghai index is trading higher with a gain of 31.78 points or 0.99%, the Hang Seng Index is trading with a gain of 99.72 points or 0.45%. The Japanese Index Nikkei 225 is trading firm with a gain of 87.82 points or 0.49%.

SGX Nifty is trading in marginally higher with a cut of 10 points.

The US market closed in red last Friday. The Dow Jones industrial average fell by 35.89 points or 0.19%, The S&P 500 index registered a decline of 5.22 or 0.24% and the Nasdaq composite index closed in red with a cut of 12.46 points or 0.23%.

Key Events

Germany – German 12-Month Bubill Auction

Eurozone  – ECB President Draghi Speaks

US – FOMC Member Stanley Fischer Speaks, Chicago Fed National Activity

 

Stocks in Focus

To read about stocks in focus today click here.


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