6/3/2023 0 Comments Dollar index market watch![]() ![]() Do check out for all the news, market analysis, investment strategies and dozens of stock recommendations. US index futures traded marginally higher in pre-market deals, suggesting a muted start for Wall Street later in the day. Globally, other Asian markets ended largely mixed while European indices traded with marginal gains. What is your reading from Nifty technical charts?Īhead of next week's F&O expiry, which Nifty50 strikes are seeing buildup of open interest? How do you read the trend? We have with us Amit Trivedi of YES Securities to do the chart reading. ![]() Wednesday was the second straight day when the index formed a higher highs and lows. On the technical charts, Nifty50 formed a bearish candle on the daily chart a day after it broke above its crucial range at 11,350-90. The dollar index has slipped to a 2-year low. Which underperforming sectors do you think offer buying opportunities at present? That leads us to a question: where is the buying opportunity now? We caught up with Deepak Jasani of HDFC Securities to try and understand the market undercurrent. IT and FMCG indices fell half-a-per cent. Sectorally, realty and telecom indices gained about one-and-a-half per cent each. Midcap and smallcap indices fared better than their largecap counterparts. NCC climbed 9.5 per cent.īenchmark Sensex had gained as much as 260 points at one point, but gave up much of it to end 86 points higher at 38,614 Nifty rose 23 points to 11,408. CSB Bank jumped 13 per cent after reporting 3-fold jump in June quarter profit. ZEE's better disclosure post quarterly results lifted the stock by 13 per cent. Market breadth, however, remains strong with three stocks rising for every two that fell.Īdani Enterprises surged 13.7 per cent to take its winning streak to the third day. Let me begin with a lowdown on what happened in the market today.ĭomestic stocks failed to hold on to morning gains on Wednesday, as investors chose to book profit after Nifty broke out of a crucial consolidation range on Tuesday. YES Bank jumps 5% as bank repays Rs 35,000 crore to RBI.Future Retail surges 20% amid stake sale talks.Dr Reddy's launches generic drug Avigan for Covid treatment.Donald Trump postpones trade talk with China no rescheduling on cards.Banks may restructure Rs 8.4 tn loans as economy sputters: India Ratings.National agency to hold common exam for govt jobs.Govt to lease 3 more airports to private firms for 50 years.and here are the top headlines at this hour. The dollar rallied during several, past bear markets for stocks, including the dot.com bubble burst in 2000, the 2007-2008 great financial crisis and the COVID pandemic that began in 2020.Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. View the futures and commodity market news, futures pricing and. Roughly 40% of S&P 500 companies’ revenue are generated outside of the U.S., Essaye noted. Dollar Index Continuous Contract futures overview by MarketWatch. stocks, as it often weighs on overseas sales for U.S. equity market,” Essaye wrote.Ī stronger dollar is negative for U.S. “If we are on the brink of a new leg higher in the Dollar Index, expect that to become a renewed source of pressure on the broader U.S. ![]() ![]() Meanwhile, a downtrend of the dollar starting in October failed to hold since last week, Essaye noted. The Dollar Index has been holding above 101, a key support level, according to Essaye. View DXU23 futures and commodity data and compare to other futures, stocks and exchanges. dollar.įrom a technical perspective, there are signs that a potential bottom for the dollar has been formed, Essaye noted. Dollar Index Sep 2023 advanced future charts by MarketWatch. Read: The latest threat to stocks? A resurgent U.S. Dollar’s recent rally “is a consequence of both safe-haven flows into the low-risk currencies and receding bets that the Federal Reserve could cut interest rates aggressively during the remainder of the year,” Matthew Ryan, head of market strategy at Ebury, wrote in a note. ![]()
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