A list of important headlines from across news agencies that could help in your trade today.
The market extended losses for the second consecutive session on Wednesday following global weakness and dragged by technology stocks.
The Nifty50 fell near 10,550 levels but showed some recovery in later part of the session and defended 10,600 levels. The index lost 56.20 points to close at 10,600 while the Sensex fell 274.71 points to 35,199.80.
The consistent sell-off amid volatility indicated that cautious approach would be prudent strategy now, experts said.
According to Pivot charts, the key support level is placed at 10,551.1, followed by 10,502.2. If the index starts moving upwards, key resistance levels to watch out are 10,660.1 and then 10,720.2.
The Nifty Bank index closed at 26,262.05, up 148.70 points on Wednesday. The important Pivot level, which will act as crucial support for the index, is placed at 26,101.1, followed by 25,940.1. On the upside, key resistance levels are placed at 26,382.6, followed by 26,503.1.
Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies.
S&P 500 gains with energy, tech but ends near day's low
The S&P 500 ended higher on Wednesday after a brutal two-day selloff, led by a rebound in energy and technology shares, but the market faltered towards the session’s end as Apple shares surrendered gains ahead of the Thanksgiving holiday. The Dow also gave up its gains to end flat, while the S&P 500 ended near its session lows, a sign of lingering bearishness.
The Dow Jones Industrial Average ended flat at 24,464.69, the S&P 500 gained 8.04 points, or 0.30 percent, to 2,649.93 and the Nasdaq Composite added 63.43 points, or 0.92 percent, to 6,972.25.
Asian shares tick up but growth worries keep investors on edge
Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising US interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.
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