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Trends on SGX Nifty indicate a negative opening for stock market indices

08:57 AM Oct 27, 2021 | FPJ Web Desk

Trends on SGX Nifty indicate a negative opening for the index in India with a 48 points loss.

Indian markets could open mildly lower following largely negative Asian markets today, and flat US markets on Tuesday, said Deepak Jasani, Head-Retail Research, HDFC Securities.

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Nifty closed higher for the second consecutive session on October 26. At close, the Nifty was up 0.73 Nifty closed higher for the second consecutive session on October 26. At close, the Nifty was up 0.73 Nifty closed higher for the second consecutive session on October 26. At close, the Nifty was up 0.73 Nifty closed higher for the second consecutive session on October 26.

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Nifty has closed at the highest in 5 sessions showing the strength of the recovery. Advance decline ratio was sharply positive. However, volumes were on the lower side. Resumption of volumes with upmove could lead to Nifty rising towards 18,377-18,445 over the next few sessions. 18099-18125 is an important support band for the Nifty. or 132.2 points to 18,257.6.

US stock indices close at all-time high on Tuesday

The Dow Jones Industrial Average and S&P 500 indexes ended at all-time highs Tuesday, notching back-to-back closing records, as US stock benchmarks extended their winning run as investors faced an onslaught of corporate earnings reports. The S&P 500 index has advanced for nine of the last 10 sessions as third-quarter earnings reports have largely topped expectations.

The S&P CoreLogic Case-Shiller Home Price Index showed that home prices increased nationally 19.8 percent from a year ago in August, roughly in line with the previous month’s increase. US new-home sales increased 14 percent to an annual rate of 800,000 in September. The Conference Board said its US. consumer confidence index rose to 113.8 in October from a revised 109.8 a month earlier. The gain follows three straight declines in sentiment.

Asian stocks fall

Asian stocks fell Wednesday as traders weighed the latest US earnings reports and a jump in Australian core inflation that again highlighted intensifying price pressures in the global economy.

In China, authorities told billionaire Hui Ka Yan to use his personal wealth to alleviate China Evergrande Group’s deepening debt crisis. The US also cranked up tensions with Beijing by banning China Telecom (Americas) Corp. Industrial profits in China surged 16.3 percent year-on-year in September

Nifty closed higher for the second consecutive session on October 26. At close, the Nifty was up 0.73% or 132.2 points to 18257.6.

Nifty has closed at the highest in 5 sessions showing the strength of the recovery. Advance decline ratio was sharply positive. However, volumes were on the lower side. Resumption of volumes with upmove could lead to Nifty rising towards 18377-18445 over the next few sessions. 18099-18125 is an important support band for the Nifty.

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