SGX Nifty up 95 points; here’s what changed for market
Domestic equities are likely to extend gains as benchmark indices ending above psychologically crucial levels on Monday has turned the trend bullish.
Options data indicates further upside potential for Nifty 50, as the 18300 call option was the most actively traded on Monday, data showed.
However, foreign investors could exercise caution ahead of the US Federal Reserve’s policy meeting starting Tuesday.
Here’s breaking down the pre-market actions:
Oil prices edge lower
Oil prices inched lower on Tuesday, extending losses of 1% from the previous session as more extensive COVID-19 curbs in China increased fears of slowing fuel demand in the world’s second-largest oil consumer.
Brent crude for January delivery was down 4 cents at $92.77 a barrel at 0112 GMT. The December contract expired on Monday at $94.83 a barrel, down 1%.
U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.2%, to $86.35 a
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