Contracts for the Nasdaq 100 fell more than 1.4% in early trading and S&P 500 futures dropped 0.9% after Nvidia slumped in after-hours trading. Gold, a safe haven asset that tends to gain when risk assets drop, hit a new record on Wednesday. Bonds held on to the previous session’s gains driven by a Treasury official’s comment on potential rule change that could lower trading costs for banks. The dollar slipped.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce