Asian Markets Extend Decline Following A Slump On Wall Street On Friday; D-St To Open In The Red?
Asian markets extended the sell-off on Monday following a slump in the US stock market last week. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.8%, while Japan’s Nikkei shed another 6.4% to hit seven-month lows.
Gift Nifty was trading around 24,388 level, a discount of nearly 310 points from the Nifty futures’ Friday close, indicating a sharply negative start for the Indian stock market indices.
US stock market ended lower for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory, amid fears of an oncoming recession.
The Dow Jones Industrial Average declined points, or %, to 39,, while the S&P 500 slumped points, or %, to 5,. The Nasdaq Composite ended points, or %, lower at 16,.
Here’s the trade set-up for today.
#tradesetupfortoday #marketoutlookfortoday #sensex #nifty #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
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