Quote on Pre - Markets opening by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)
Below the Quote on Pre - Markets opening by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)
US Semiconductor stocks aren’t feeling the love, and iShares Semiconductor ETF ended in the red for the second day in a row.
The ETF shed 5.6% today, led by losses in Teradyne, KLA, Entegris, Lam Research, and Marvell Technology. It’s the latest sign that Wall Street is shifting away from AI plays as a part of a broader rotation into more defensive sectors
That transition is showing up in the way different indexes performed. Dow Jones rallied 594 points, or 1.1%, to a fresh record, while Nasdaq fell 0.8%. S&P 500 was flat, but eight out of its 11 sectors actually gained on the day.
Odds for a rate hike dipped to about 18%, compared to 29% the previous day
Nifty 24175.70
Strong Support: 23800–24000 Zone
Positional Buy: HindZinc, CMPDI, Gulshan Polyol and SportKing !!
Above views are of the author and not of the website kindly read disclaimer
Tag News
Nifty, Sensex extend gains as IT, realty and pharma stocks lead rally
More News
Weekly Market Wrap : In the last week, the benchmark indices bounced back sharply by Amol At...
