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SGX Nifty up 25 points; here's what changed for market while you were sleeping


SGX Nifty up 25 points; here s what changed for market while you were sleeping
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Last Updated: May 20, 2021, 08:13 AM IST
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Synopsis
Nifty50 on Wednesday formed a Shooting Star candle on the daily chart, which is generally found in an uptrend and suggests a potential trend reversal.
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Net-net, foreign portfolio investors (FPIs) turned seller of domestic stocks to the tune of Rs 697.75 crore, data available with NSE suggested. DIIs were net sellers to the tune of Rs 852.52 crore, data suggests.
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The minutes of US Fed April policy review have stoked some tapering fears while wild swings in cryptocurrencies the world over have made investors jittery over risky assets. Most Asian markets were down early Thursday. But Nifty futures trading in Singapore signalled a positive start. Here s breaking down the pre-market actions: ....

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Asian Markets Mixed After Fed Taper Talk, Bitcoin Stablises


Asian Markets Mixed After Fed Taper Talk, Bitcoin Stablises
05/19/21 AT 11:08 PM
Asian markets were mixed in early trade Thursday after minutes showed some Federal Reserve officials contemplating a wind-down of its vast monetary easing measures, while optimism remained buoyed by the outlook for the economic recovery.
Bitcoin stabilised somewhat after Wednesday s wild gyrations that saw it collapse almost a third in one day before recovering most of its losses.
Global equities have soared after hitting their pandemic nadir in March last year, thanks to central bank largesse and mind-boggling government spending measures, with recent gains also helped by the rollout of vaccines and easing of lockdown measures. ....

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