NEW DELHI: A slew of quarterly earnings and hopes of fresh policy stimulus from central banks globally are expected to sway investor sentiment in Monday’s market. Here’s breaking down the pre-market actions. TRADE SETUP Singapore trading sets stage for positive start Nifty futures on the Singapore Exchange traded 48.95 points or 0.53 per cent higher at 9,212.75, indicating a positive start for Dalal Street. Tech view: Nifty forms Hanging Man Analysts said the index needs to respect the 9,050-9,100 range, else selling pressure may intensify. On the upside, the 9,350-9,390 range continues to pose strong resistance for the index, they said. Asian shares edge higher Asian shares inched higher on Monday ahead of a busy week for earnings and central bank meetings. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent in early trade. Japan’s Nikkei gained 1.1 per cent, while E-Mini futures for the S&P500 dipped 0.4 per cent. Oil prices decline in early trade Oil prices fell on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand. WTI futures fell $1.22, or 7.2 per cent, to $15.72 a… Read full this story
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