weekly Economic calendar

The U.S. equities closed in green on Friday, all the three major indices closed higher, Nasdaq and Dow Jones closed at 0.30% and 0.41% respectively, while S&P500 rallied the most to settle at 0.56% higher. Yields on government continue to trend lower for third consecutive day, the yield on the benchmark 10-year U.S. Treasury note fell to 3.380%, from 3.432%.

Indian equities closed in red on Friday, Nifty fell 132 points or 0.77%. Nifty opened the day on a flat note, the selling pressure intensified as the session progressed to close the session near the days low. Nifty closed in red for third consecutive session in a row. Nifty has confluence of support around 16850-16800 zone, till index manages to protect the said support zone, index is expected to head higher towards 17070 and 17200. Failure to hold mentioned support, index shall attract fresh bearish momentum, dragging index lower till 16680-16550. Nifty Bank closed in red for third straight session at 0.66%, Broader market underperformed the beachmark index, Nifty Mid cap and Nifty Small cap dropped more than a percent and settled lower at 1.17% and 1.67% respectively. All Sectoral indices ended in red. NiftyMedia and NiftyRealty were the major lossers which where down by 2.38% & 2.33% respectively. While, NiftyHealthcare and Niftypharma fell the least at 0.17% and 0.22% respectively.

The markets are likely to see a gap up.opening; SGX Nifty trading higher by 90 points compared to previous closing. Asian Markets are trading mix; Nikkie is trading higher by 0.31% while Hang Seng is down by 1.95%.

 (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.)