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Market Ahead, Feb 10: Top factors that could guide markets today


After snapping their six-day bull run on Tuesday on account of profit-booking, it seems benchmark indices will return to their winning ways amid indications of a strong start. At 7.10 am, Nifty futures on the Singapore Exchange traded 32 points higher at 15,149.
The global market setup was mixed. In the overnight session, while Nasdaq extended its runs to fresh highs, S&P 500 and Dow ended slightly lower as investors rotated out of large-cap tech names into other sectors.
The Dow Jones Industrial Average 0.03%, the S&P 500 0.11% and the Nasdaq Composite added 0.14%.
In Asia, the stocks inched higher although concerns about the sustainability of a recent risk rally are likely to cap gains. The Australian S&P/ASX 200 Index was last up 0.5% and e-mini futures for the S&P 500 rose 0.14%. Japan’s Nikkei 225 slipped 0.31%. ....

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