Another Day of Records for Sensex, Nifty or Will Volatility Play Spoilsport?

  • Investing.com
  • Stock Market News
Another Day of Records for Sensex, Nifty or Will Volatility Play Spoilsport?

By Aditya Raghunath

Investing.com -- Indian markets look set to open in the green after a record close on Wall Street overnight. The S&P 500 closed at a record high and Nasdaq 100 moved up over 15,000 for the first time in its history.

Nifty 50 Futures in Singapore are trading up 0.6% as of this report which indicates a gap up opening for Nifty 50 and the BSE Sensex 30 . The Sensex closed at a record high on August 24, and today’s early cues show that it could continue its upward momentum.

However, if Asian markets are any indication, markets could lose momentum just as quickly. US optimism had spread to Asia in early trade but things are sobering down quickly. Nikkei 225 which opened up 0.55% has now lost momentum and is trading flat. KOSPI 50 also opened up over 0.4% but is currently trading lower 0.3%. The Shanghai Composite is up 0.12% but is very volatile.

Foreign institutional investors (FIIs) have continued to sell in August. They sold Rs 1,644.91 crore worth shares on August 24.

US futures are trading flat as of this report. Dow Jones 30 Futures are down 0.1%, S&P 500 Futures are down less than 0.1% while Nasdaq 100 Futures are flat.

Crude oil is trading at over $67 after an outage in Mexico caused prices to move up.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
  • Rahul Sharma @Rahul Sharma
    Where is suchita
    Like 1
  • Abhishek Shah @Abhishek Shah
    Witness some profit booking! Markets will be going down today
    Like 1
  • satyabrata nayak @satyabrata nayak
    mkt will crash...
    Like 2
    • Koushik Chakraborti @Koushik Chakraborti
      yes you are absolutely right, but not at this level, after it reaches near 17000 level after that it will surely crash.As govt. needs money for the pandemic relief an SEBI seems to have been assigned as govt. middle man institution to liquidate and ***money from the retail buyers of the market and pass on to govt.At present it is a high level conspired game is going on
      Like 0
    • Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

      Error: File type not supported

      Drop an image here or

      100

Related Articles