Good Morning!
The wait for the Nifty 50 to hit 13,000 became slightly longer after the benchmark fell the most in three weeks, dragged down by financials, on Thursday.
With that, the Sensex and Nifty snapped their four-day gaining streak.
Futures are indicating a flat start to the final trading day of this truncated week. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.15% to 12,793 as of 8:05 a.m. on Friday.
So far this week, the Sensex and Nifty have gained 0.4%.
There have been some changes in the F&O ban stocks. L&T Finance Holdings and DLF have entered the ban, while Tata Steel and Jindal Steel & Power have exited.
Asian markets are mixed in early trading this morning. Benchmark indices in Japan are declining, while they are advancing in Australia. Stocks in China are fluctuating.
Futures on the Dow Jones are trading 230 points lower. The index ended 0.2% higher on Thursday.
West Texas Intermediate crude has recovered from the day’s low, trading flat at $41.76 per barrel, while gold traded at $1,866/Oz.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.