What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 34.5 points gain or 0.31 percent.


Nifty continued to rally on September 11 for the fifth consecutive session, its longest streak in almost 6 months, supported by positive global cues on the back of easing US-China tensions.

Hopes of further stimulus by the government and GST rate cut on auto also gave a leg up to investor sentiment.

After opening higher, the index remained rangebound with a positive bias throughout the session, eventually closing with a gain of 33 points, or 0.30 percent, at 11,035.70, with 25 stocks up and 25 down.

The index maintained the psychological 11,000 level and saw a lot of resistance in the range of 11,050-11,100 levels, forming small-bodied bullish candle which resembles a Doji kind of pattern on daily charts.

India VIX fell by 3.01 percent to 15.37 levels. It has been making lower highs – lower lows from the last four sessions and recently corrected from 18.31 to 15 zones which is giving some stability to the market.

According to the pivot charts, key support level for Nifty is placed at 11,013.33, followed by 10,990.97. If the index remains on the upward trajectory, key resistance levels to watch out for are 11,056.43 and 11,077.17.

The Nifty Bank closed at 27,776.20, up 0.99 percent on September 11. The important pivot level, which will act as crucial support for the index, is placed at 27,608.7, followed by 27,441.2. On the upside, key resistance levels are placed at 27,886.7 and 27,997.2.

Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news

US Markets

Wall Street moved higher on Wednesday, led by tariff-sensitive technology and industrial stocks after China extended an olive branch ahead of next month’s trade negotiations with the United States.

The Dow Jones Industrial Average rose 227.61 points, or 0.85%, to 27,137.04, the S&P 500 gained 21.54 points, or 0.72%, to 3,000.93 and the Nasdaq Composite added 85.52 points, or 1.06%, to 8,169.68.

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Source: moneycontrol.com September 12, 2019