Indian Stock Market Tips Today by Ripples Advisory – 20th August 2018
Nifty Hits A Fresh Record High Despite Mixed Global Cues And Weakness In Rupee After The U.S. Threatened More Sanctions Against Turkey
Nifty hits a fresh record high despite mixed global cues and weakness in rupee after the U.S. threatened more sanctions against Turkey. The US has threatened to levy more sanctions on Turkey if Ankara does not release an American Christian Evangelical pastor held on terrorism charges.
The Indian rupee closed below the 70-per-dollar, as the trade deficit widened to the most in five years.
The Nifty Index rose 86 points or 0.75% to settle at 11471. Positive global cues apparently helped brighten sentiment as the week came to an end, with investors cheering Washington and Beijing's decision to hold trade talks next week.
Nifty is opening gap up by 40 points from previous day close of 11488. Currently, Nifty trading at 11528 as per SGX Nifty.
The US 10 Year T-Note is trading at 120.31. The Bond has broken its important low of 120.03 on 28th Feb 2018. The next support level is at 117.69 which is the low of Jan 2011. The US Dollar Index is trading at 96.05.
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