Global Equities’ Update: Gift Nifty: (India) 25832, +15.0 points/ +0.06% (Adjusted)
AHMEDABAD, 4 FEBRUARY: Asian markets opened with mixed note with no major impact of weak overnight cues that seen from the western peers. U.S. equity index futures were consolidating evening after major Wall Street indexes closed lower, weighed down by broad weakness in technology and AI-related stocks ahead of key earnings reports. Advance Micro shares dropped more than 7% in extended trading even after positive earnings as its guidance for the first quarter disappointed that given during analyst meeting.
Indian Equities Pre Open Update: Flat opening expected to be seen for Indian equities while sector specific momentum expected to be seen during the session.
Sectors to Watch: Metals, Capital Goods, selective Financials and Oil upstream stocks are expected to remain on focus while selective 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: | 59872.0/59514.0 |
| Resistance: | 60538.0/60692.0 |
| Dow Future (US): | 49287, +46.0 points/ +0.09% |
| Nasdaq Future (US): | 25343, +4.0 points/ +0.02% |
| US Small Cap 2000 Future (US): | 2649, +0.5 points/ +0.02% |
| FTSE Future (UK): | 10291.0, -0.5 points/ 0.00% |
| DAX Future (Germany): | 24898, +37.0 points/ +0.15% |
| CAC Future (France): | 8213, +22.0 points/ +0.27% |
| Hang Seng Future (Hong Kong): | 26777, -40.0 points/ -0.15% |
| Taiex Future (Taiwan): | 32224, -60.0 points/ -0.18% |
| KOSPI (South Korea): | 5328, +40.0 points/ +0.75% |
| Nikkei Index (Japan): | 54309, -411.0 points/ -0.75% |
| Gift Nifty: (India) | 25832, +15.0 points/ +0.06% (Adjusted) |
U.S. Market Previous Closing
| Dow (US): | 49241, -166.0 points/ -0.34% |
| Nasdaq (US): | 23255, -337.0 points/ -1.43% |
COMMODITIES: Gold prices rose in early Asian trade along with Crude Oil, coming back in sight of key levels as signs of renewed tensions between the U.S. and Iran drummed up safe haven demand.
Bullions and Oil prices gained after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tension between Washington and Tehran. Comex Gold prices moved back above 5000$.oz while Silver prices recovered to 89$/oz. WTI Oil prices hit a high of 64$/bbl yesterday and the latest US inventory data will be crucial for oil prices. Meanwhile, the fears of another US government shutdown ended after President Trump agreed on funding deal with Democrats. The US Dollar index continues to hold on to its recent gains as markets await some key jobs data today.
| GOLD SPOT: | $5055.4 (+2.2%) |
| SILVER SPOT: | $87.74 (+3.2%) |
| WTI OIL: | $63.9 (+0.1%) |
| US Nat. gas: | $3.3 (-0.9%) |
| US Copper: | $6.11 (-0.3%) |
Currencies offshore
| US DOLLAR: | 97.39 |
| USDINR: | 90.30 |
| EURINR: | 106.89 |
| GBPINR: | 123.85 |
We expect markets to take cues from US jobs data and also reports on how the talks between US and Iran is progressing.
Economic data & events:
3:30PM EU CPI Flash Estimate y/y (F: 1.7% P: 1.9%)
6:45PM US ADP Non-Farm Employment Change (F: 46K P: 41K)
8:30PM US ISM Services PMI (F: 53.5 P: 54.4)
9:00PM US Crude Oil Inventories (F: -2.0M P: -2.3M)
(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.)
