From The Economic Times · Akash Podishetti · · 1m
GIFT Nifty signals weak market start
GIFT Nifty opens lower as oil prices rise and crude crosses $110.
In brief
GIFT Nifty opens lower as oil prices rise and crude crosses $110. GIFT Nifty fell 38.5 points to 22,690, signaling a negative market start amid rising oil prices and Brent crude surpassing $110. Originally reported by The Economic Times.
GIFT Nifty signals weak start
GIFT Nifty traded lower by 38.5 points, or 0.17 per cent, at 22,690.
Key support level for Nifty
Analysts say 22,650, 22,700 is a crucial support zone around the 200-WMA.
Brent crude crosses $110
Brent crude moved above $110, contributing to market selling pressure.
India VIX rises
India VIX rose 6% to settle at 15.68 levels, indicating increased market fear.
Asian markets mixed
Asian shares mixed with South Korean stocks falling 0.2% and Japanese stocks edging higher.
F&O ban today
Ambuja Cement, Kaynes, and SAIL Securities are banned in F&O segment due to crossing 95% market-wide position limit.
Foreign portfolio investors
Foreign portfolio investors net bought shares worth Rs 1,022 crore on Wednesday.
The headline
GIFT Nifty fell 38.5 points to 22,690, signaling a negative market start amid rising oil prices and Brent crude surpassing $110.
