What changed your markets while you were sleeping
Brace for impact! It is likely to be another day of the bloodbath on Dalal Street today.
Nifty futures on SGX are signaling a major correction and it should not come as a surprise after the RBI governor's sudden resignation and state elections outcome that may not go in favor of the BJP.
Let's take a look at what might matter on D-Street today:
Nifty stares at big gap-down start
Nifty futures on the Singapore Exchange were trading at 10,346.50, down 171.50 points or 1.63 percent at around 7.55 am indicating a gap-down start for Nifty back home.
Asian shares dither
The pound hovered near 20-month lows on Tuesday, as political turmoil deepened in Britain with a key vote on Brexit being delayed while U.S. shares staged a late rebound in a positive signal for Asian markets. The index was last off 0.1 percent. Australian shares gained 0.6 percent while Japan's Nikkei lifted 0.2 percent.
Wall Street ends choppy day higher
Wall Street ended Monday's volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain's exit from the European Union kept investors on edge about global growth. The Dow Jones Industrial Average rose 34.31 points, or 0.14 percent, to 24,423.26, the S&P 500 gained 4.64 points, or 0.18 percent, to 2,637.72 and the Nasdaq Composite added 51.27 points, or 0.74 percent, percent, to 7,020.52.
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