SGX Nifty, US dollar to bond yield: Top triggers that may dictate global markets
Live MintGlobal market today: On account of strong retail sales data, Wall Street indices finished higher on Wednesday. On reason for rise in US stock market, Marc Despallieres, Chief Strategy and Trading Officer at Vantage said, “US stocks closed higher and Treasuries slid as investors picked through another batch of solid economic data to find different takeaways, even as worries mounted that it would force a hawkish response from the Federal Reserve.” SGX Nifty After ending above 18,000 levels on Wednesday, SGX Nifty today opened higher in early morning session and went on to make intraday high of 18,081. Speaking on outlook for SGX Nifty today, Anuj Gupta, Vice President — Research at IIFL Securities said, "Immediate support for SGX Nifty has shifted towards 17,950 levels whereas its major support lies around 17,800 levels. Asian markets In early morning session today, Japanese Nikkei shot up 0.74 per cent, Hong Kong's Hang Seng surged around 1.10 per cent, Shanghai index gained 0.38 per cent whereas South Korean KOSPI skyrocketed 1.73 per cent. Speaking on gold price outlook, market expert Anuj Gupta of IIFL Securities said, "Gold price has immediate support placed at $1,835 levels whereas it is facing resistance at $1,890 levels.