Nifty’s Opening Cues Amid US CBOE Vix at 17-Month Low, Asian Stocks Ease

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Nifty’s Opening Cues Amid US CBOE Vix at 17-Month Low, Asian Stocks Ease
Credit: © Reuters.

By Malvika Gurung -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.18% or 31.5 points higher at 8:43 am on Thursday, indicating a flat-to-positive opening on Dalal Street. 

Further, the Dow Jones Futures dropped 0.09% and Nasdaq 100 Futures declined 0.47%.

Major US indices ended mixed on Wednesday, driven by earnings reports of different market heavyweights. While those from medical tech companies were upbeat, majors like Netflix (NASDAQ: NFLX ) and Walt Disney (NYSE: DIS ) Co declined.

Further, Wall Street’s fear gauge, the CBOE Volatility index declined in the overnight session to its lowest level since November 2021.

Nasdaq Composite climbed marginally by 0.03%, Dow Jones declined 0.23% and S&P 500 dipped 0.01%.

Asian markets traded lower on Thursday as investors digested earnings reports of big names like Morgan Stanley (NYSE: MS ) and Netflix on Wall Street, while they remained cautious of an expected rate hike by the US Fed at its meeting going forward.

At 8:43 am, South Korea’s KOSPI declined 0.27%, Japan’s Nikkei 225 traded flat, China’s Shanghai Composite fell 0.7%, Hong Kong’s Hang Seng index dipped 0.21% and Australia’s ASX 200 was flat.

Oil prices fell strong on Thursday, as markets reassessed their outlook for demand this year amid signs of cooling economic growth and growing bets on more rate hikes from major central banks, an report noted.

Brent crude tanked 1% to $82.3/barrel and WTI Futures fell $78.4 a barrel. Natural Gas Futures rose 0.61%.

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    market should close above 17700 today
    Like 0
  • Rahul Dwivedi @Rahul Dwivedi
    Market will go dowm today
    Like 2

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