The SgxNifty Future is trading at 12,630.80 up with +1.31% percent or +163.55 point. The Nikkei 225 Future is trading at 25,142.50 up with +1.14% percent or +282.50 point.The Hang Seng Future is trading at 26,264.50 up with +0.90% percent or +233.50 point.
TODAY’S FACTORS AND EVENTS
International gold and silver crashed on Tuesday as news of the first successful late-stage COVID-19 vaccine trials prompted investors to exit from safe-haven bullion and flock to riskier assets. Domestic gold and silver crashed on Monday, tracking overseas prices. International bullion prices started marginally higher on Tuesday morning in Asian trade.
Technically, MCX Gold December plunged more than 5 percent on Monday after forming a long black Bearish Candlestick Engulfing a whole Rising Channel into it which is a sign for Bearish Reversal in the counter. Support is at Rs 49200-48900 levels and Resistance is at Rs 49900-50500 levels.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 29,157.97 up with +percent or +834.57 point. The S&P 500 is trading at 3,550.50 up with + percent or +41.06 point. The Nasdaq Composite is trading at 11,713.78 with a loss of percent or –181.45 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 24,905.59 up with +percent or +65.75 point. Hong Kong’s Hang Seng is trading at 26,082.82 up with +percent or +66.65 point. China’s Shanghai Composite is trading at 3,350.61 with a loss of – percent or –23.13 point. India’s BSE Sensex is trading at 42,980.47 up with +percent or +383.04 point at 12:15 PM.