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3 Factors that Will Affect Markets Today

By Aditya Raghunath — Domestic and global cues indicate a sober start for and the with an upward bias in early trade today. in Singapore are trading up 0.01% that indicates a flat or a slight gap-up start.

Adani (NS:) Group and frozen accounts: A Moneycontol report said a top official of the National Securities Depository Ltd (NSDL) told Adani Group that the accounts of three foreign funds that are big stakeholders of Adani group companies are not frozen. This should strengthen the Adani stocks today after they had taken a beating on the markets yesterday.

Lower VIX:  index is at 14.71%, around the same levels it was in February 2020, when the market was surging to new highs. It indicates a bullish bias and that should edge the market further. However, rising inflation concerns on both wholesale and retail indices might cause volatility today.

Record US markets: US markets closed at record levels yesterday ahead of the US Fed’s two-day meeting that starts today. There are concerns that the Fed might tighten its easy-money stance as inflation concerns continue to grow. All US futures are trading up with , and up 0.03%, 0.14% and 0.14% respectively. Asian markets are mixed with up 0.78%, flat and the down 0.84%.

Read More: 3 Factors that Will Affect Markets Today

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