Indian market reacted to US Fed chair Jerome Powell speech on Friday, as expected IT & Metal were leading the downfall.
Wall Street after over 3% cut on Friday, had another cut of 0.57% to 1.02% on Monday. Every US Economic data will be important event to watch out for.
1) US consumer confidence
2) JOLTS Jobs opening
Indian market did not witness follow through selling after gap-down opening. FII sell figures @ 561 crores is far less than seen earlier in May & June 2022.
VIX @ 19.82: manage to close below 20, within comfort level.
Approach on Indices: SGX Nifty indicates 50 points up opening, we expect lower level to get tested and consolidate before any fresh up move.
SGX Nifty @ 17431 up 50.50 points at 7:55 AM.
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