PRE-MARKET UPDATE | 24 AUG
🟢 GIFT NIFTY: +75 points → indicating a positive start
🟡 USD/INR: Around 95.50 → rupee continues to consolidate at weak levels
🟢 BRENT CRUDE: Around $94 → cooled off slightly, but remains elevated
🟢 US MARKETS: Strong close on Friday; Dow +1.0%, S&P 500 +0.4% and Nasdaq +0.4%. Futures are currently flat.
🟢 EUROPE: Futures flat to mildly positive
🔴 ASIA: Largely negative this morning, with KOSPI and Hang Seng under pressure - a weak regional cue for Nifty
🟢 GOLD & SILVER: Continuing their recent bounce
🟡 BTC Crypto consolidating
📈 Market Outlook
The +75-point GIFT Nifty points to a strong opening, supported by Friday's rebound on Wall Street and slightly softer crude.
However, the weak Asian setup & Brent still around $94 keep the overall backdrop cautious.
@Ops8War
🟢 GIFT NIFTY: +75 points → indicating a positive start
🟡 USD/INR: Around 95.50 → rupee continues to consolidate at weak levels
🟢 BRENT CRUDE: Around $94 → cooled off slightly, but remains elevated
🟢 US MARKETS: Strong close on Friday; Dow +1.0%, S&P 500 +0.4% and Nasdaq +0.4%. Futures are currently flat.
🟢 EUROPE: Futures flat to mildly positive
🔴 ASIA: Largely negative this morning, with KOSPI and Hang Seng under pressure - a weak regional cue for Nifty
🟢 GOLD & SILVER: Continuing their recent bounce
🟡 BTC Crypto consolidating
📈 Market Outlook
The +75-point GIFT Nifty points to a strong opening, supported by Friday's rebound on Wall Street and slightly softer crude.
However, the weak Asian setup & Brent still around $94 keep the overall backdrop cautious.
@Ops8War