The rupee ended at a record low of 71.21 to a dollar on Monday.
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Market Trend:- Negative , Nifty Future :- Resistance 1 - 11,737.87 , Resistance 2 - 11,833.98 , Support 1 - 11,582.82 , Support 2 - 11,523.88 , Bank Nifty Future :- Resistance 1 - 28,222.48 , Resistance 2 - 28,430.42 , Support 1 -27,884.08 , Support 2 -27,753.62 .
New Delhi: Sensex and Nifty are set for a flat start with Singapore-traded SGX Nifty trading slightly lower at 11,629. The global cues are weak with Asian markets down in early trade, amid growing concerns over escalating international trade disputes. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2% after European shares ended mostly flat. US markets were closed on Monday for Labor Day. Growing turbulence in Argentina once again focused global attention on emerging markets. The troubles in Turkey and Argentina, which has seen its peso collapse in recent weeks, are rattling markets on fears their crises could spread.
Back in the Indian markets, the yield on the 10-year benchmark bond on Monday touched 8% during the day and closed at a nearly four-year high, as a continued surge in crude oil prices and trade war worried investors. The rupee ended at a record low of 71.21 to a dollar, down 0.29%, from its Friday’s close of 71.
8:45 am | Opening bell: Cues to look out for before trading today
Asian stock indexes were trading negative on Tuesday morning as markets remained uncertain about the future of the North American Free Trade Agreement (NAFTA) and a possible escalation of the U.S.-China trade war. It should be noted that the US market was closed for Labour Day.
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