Global Equities’ Update: Gift Nifty: (India) 24961, -71.0 points/ -0.28% (Adjusted)

MUMBAI, 20 AUGUST: Asian equity indices opened in the red zone with underperformance from Taiwan and Japan equity benchmarks. Taiwan equity indices fell on the news that U.S. administration will seek equity stakes in their companies receiving CHIPS Act Funds while Nikkei fell on the back of lower than expected export numbers. 

U.S. equity index futures are trading in the red zone as Wall Street remained largely risk-averse in anticipation of more economic and central bank cues from the Jackson Hole Symposium this week.

Dow Future (US): 44879, -43.0 points/ -0.09%
Nasdaq Future (US): 23294, -91.0 points/ -0.39%
US Small cap 2000 Future (US):2269, -7.4 points/ -0.33%
DAX Future (Germany):24339, -145.0 points/ -0.59%
FTSE Future (UK):9207, -11.5 points/ -0.12%
Hang Seng Future (Hong Kong):24982, -138.0 points/ -0.56%
Taiex Future (Taiwan): 23927, -419.0 points/ -1.73%
Nikkei Index (Japan):42838, -708.0 points/ -1.63%
KOSPI (South Korea): 3086, -65.0 points/ -2.09%
Gift Nifty: (India) 24961, -71.0 points/ -0.28% (Adjusted)

U.S. Market Previous Closing

Dow (US):44922, +10.0 points/ +0.02%
Nasdaq (US): 21315, -315.0 points/ -1.46%

Indian Equities Pre Open Update: Indian equities expected to open with tepid note amid the weak cues from the global markets.

Sectors to Watch: Defence and Selective Energy stocks expected to remain on focus while Metals and Technology stocks expected to remain resistive during the day. 

Technical Levels: Nifty Near Future

Support: 24884.0/24812.0
Resistance:25092.0/25124.0

Technical Levels: Bank Nifty Near Future

Support: 55780.0/55624.0
Resistance:56192.0/56356.0