Global Equities’ Update: Gift Nifty: (India) 25862, +14.0 points/ +0.05% (Adjusted)
AHMEDABAD, 5 FEBRUARY: Asian markets commenced trading in the negative territory, and the resistance persisted following a significant increase over the past few weeks. U.S. stock index futures are currently trading positively after Wall Street experienced a decline during the regular session, as the technology sector continues to struggle due to concerns over AI disruptions. Meanwhile, the market is processing Alphabet’s earnings report and new signals from the labor market.
| Dow Future (US): | 49512, +11.0 points/ +0.02% |
| Nasdaq Future (US): | 25024, +132.0 points/ +0.53% |
| US Small Cap 2000 Future (US): | 2636, +11.0 points/ +0.43% |
| FTSE Future (UK): | 10403.0, -6.5 points/ -0.06% |
| DAX Future (Germany): | 24780, +36.0 points/ +0.15% |
| CAC Future (France): | 8303, +6.4 points/ +0.08% |
| Hang Seng Future (Hong Kong): | 26673, -176.0 points/ -0.63% |
| Taiex Future (Taiwan): | 32140, -279.0 points/ -0.86% |
| KOSPI (South Korea): | 5277, -94.0 points/ -1.75% |
| Nikkei Index (Japan): | 54325, +32.0 points/ +0.06% |
| Gift Nifty: (India) | 25862, +14.0 points/ +0.05% (Adjusted) |
U.S. Market Previous Closing
| Dow (US): | 49501, +260.0 points/ +0.53% |
| Nasdaq (US): | 22904, -350.0 points/ -1.51% |
Indian Equities Pre Open Update: Indian equities expected to open with a tepid note while consolidation likely to be seen amid weak global cues.
Sectors to Watch: Capital Goods and selective Financials stocks are expected to remain on focus while selective Metal and Tech stocks likely to remain resistive during the day.
Technical Levels: Nifty Near Future
| Support: | 25678.0/24560.0 |
| Resistance: | 25952.0/26068.0 |
Technical Levels: Bank Nifty Near Future
| Support: | 60192.0/59960.0 |
| Resistance: | 60604.0/60746.0 |
Comex Silver prices 77.52 -11.50%, Gold prices 4886 -1.70%
Bullion and Crude prices have retreated amid the renewed hope from U.S. and Iran nuclear talk that scheduled again after yesterday’s cancellation as Middle East counties’ intervene.
COMMODITIES
| GOLD SPOT: | $4910.3 (-1.2%) |
| SILVER SPOT: | $81.79 (-7.3%) |
| WTI OIL: | $63.92 (-0.9%) |
| US Nat. gas: | $3.36 (-0.5%) |
| US Copper: | $5.87 (-1.6%) |
Currencies offshore
| US DOLLAR: | 97.69 |
| USDINR: | 90.42 |
| EURINR: | 106.71 |
| GBPINR: | 123.33 |
Commodity counters are seeing selling pressure after US President Trump and his Chinese counterpart spoke to each other and signaled that the US and China will work closely together and ease tensions. President Xi said that he’s willing to do more good, big things For US, China relations. He said that both the countries should enhance communication and handle differences properly but warned that the US must handle the issue of arm sales to Taiwan carefully. Markets began pricing in that the talks can lead to further deescalation in trade tension between the two major economies after the call. Trump said that he will be visiting China in April.
Meanwhile, WTI Oil prices surged to 65.50$/bbl after reports that US Iran nuclear talks are collapsing amidst various differences but talks are likely back on track after Arab leaders lobbied the White house. Bullions and metal prices are trading under pressure currently. Reports on progress of Iran and US talks, central bank policy and guidance and US jobs reports will be key for markets today.
Economic data & events:
| 5:30PM | UK Monetary policy (F: 3.75% P: 3.75%) |
| 6:45PM | EU ECB Monetary policy (F: 2.15% P: 2.15%) |
| 7:00PM | US Unemployment Claims (F: 212K P: 209K) |
| 8:30PM | US JOLTS Job Openings (P: 7.14M) |
| 9:00PM | US Natural gas storage (F: -379B P: -242B) |
| 9:20PM | US FOMC Member Bostic Speaks |
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
