The domestic market benchmark indices are expected to have a positive opening on Friday's trade with GIFT Nifty up 39.15 points from Thursday's close on . - acquisition, AI, Alphabet, Amazon, Apple, artificial intelligence, ASIA, bank, Bloomberg, China, data, Dollar, Economy, energy, finance, financial, financial services, gift, Google, government, HERE, index, India, inflation, investment
Asian shares advanced as a further US labor-market slowdown reinforced speculation the Federal Reserve will be able to cut interest rates next year to prevent a recession. Benchmark indexes rose over 1% in Japan, the most in three weeks. Stocks in Australia and South Korea also advanced while futures in Hong Kong pointed to gains.
“In my opinion till the time Nifty Futures are trading about 19750-19800, it is on the way towards 20,000 plus market next year in two or three trading sessions. In my opinion, it is a buy on dips market. One can buy the current level. We have rather recommended a few points lower Nifty to our clients as well.”
Net data open interest positioning in index futures is suggestive that short bets are still heavy in the system but are beter than what they were at the beginning of the November series, say analyst