SGX Nifty up 52 points; here's what changed for market while you were sleeping

By Et Markets Com9 days ago

US Treasury Secretary Janet Yellen downplayed her earlier remarks that rate hikes may be needed to stop the US economy overheating, and that may calm investor nerves a bit after US stocks, especially technology names, fell up to 2 per cent in overnight trade on rate hike concerns. Most Asian markets are closed today for a public holiday and, thus, domestic indices are likely to chart their own direction. Here's breaking down the pre-market actions:

STATE OF THE MARKETS

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SGX Nifty signals flat start

Nifty futures on the Singapore Exchange traded 52 points, or 0.36 per cent, higher at 14,584.50 in signs that Dalal Street was headed for a positive start on Wednesday.

Tech View: Nifty support exists at 14,416

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