Hope for a green day!

Welcome to the last trading session of the week! This week on D-Street, all the four trading sessions has ended in red and volatility is completely in different orbit. Today, SGX Nifty is flashing green as Asian peers are trading with healthy gains and overnight, the Wall Street ended on a positive note. However, it would be a test for the bulls, whether they are able to hold the gains on closing basis. In the last couple of weeks, despite the attempt of recovery, markets have failed to close the session in green with an exception being on March 13, where we ended in green yet there was no follow throughout the day. The bull camp will hope for a positive close and the bear camps are likely to use pullback to sell. All-in-all, an interesting day ahead for the market participants but our advice is not to indulge in aggressive buying and due to high volatility, trade with minimal quantity and strict stop losses. SGX Nifty is up by 70 points at 8,246 levels.

For a change, Asian markets are trading in green on Friday, following strong leads from Wall Street. Hong Kong’s Hang Seng sky-rocketed 3.89 per cent and China’s Shanghai Composite have added 1.21 per cent.  

Back home, Thursday turned out to be a roller coaster ride for the key benchmark indices with indices seeing a sharp swing in both the directions and finally, ending the session in red. Nifty slipped 2.42 per cent and BSE Sensex lost 2.01 per cent. The broader markets Nifty Mid-cap and Small-Cap plunged 4.21 and 5.56 per cent, respectively. All the sectoral indices closed in red, wherein, Nifty Auto and Nifty Metal declined the most.

On Thursday, US stocks surged higher as volatility drop lead to a breather on Wall Street. Among the three major stock market indices, the tech-heavy Nasdaq was comfortably the outperformer. Dow added one per cent, Nasdaq jumped 2.3 per cent and S&P 500 climbed 0.5 per cent. Meanwhile, European indices too ended in green, getting a boost from the latest announcements in the region.