What changed for the market while you were sleeping? Top 10 things to know
28 Nov 2018 8:37 PM GMT
A list of important headlines from across news agencies that could help in your trade today.
- The firm Asian cues and buying in technology stocks helped the market close higher on November 28 but the Nifty50's failure to hold on to its 200-DMA due to profit booking at higher levels indicated that traders turned cautious ahead of expiry of November futures & options contracts on November 30.
- The 30-share BSE Sensex was up 203.81 points at 35,716.95 and the 50-share NSE Nifty rose 43.30 points to 10,728.90, but the broader markets underperformed frontliners with the Nifty Midcap index falling nearly a percent on weak breadth.
- The profit booking at higher levels, and selling & muted trade in major sectors indicated that the market internal picture remained very weak, experts said, adding one can avoid creating fresh longs.
- The Dow Jones Industrial Average rose 617.7 points, or 2.5 percent, to 25,366.43, the S&P 500 gained 61.61 points, or 2.30 percent, to 2,743.78 and the Nasdaq Composite added 208.89 points, or 2.95 percent, to 7,291.59.
- Oil prices climbed 1 percent on Thursday, clawing back some ground from losses in the previous session, but an increase in US crude inventories and uncertainty in the run to an OPEC meeting next week kept markets under pressure.
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