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Market Cues

Wall Street drops as caution sets in ahead of inflation data

A strong reading on U.S. consumer price and retail sales data on Wednesday could fan fears over rising inflation and faster interest rate hikes - the same worries that sparked the sell-off after strong jobs data on Feb. 2.


Oil hits two-month low as outlook for global balance dims

Oil fell to its lowest in two months on Tuesday, giving up early gains after a forecasting agency estimated world crude supply could overtake demand this year, potentially undermining producer efforts to curb supply.


Trade setup for Wednesday: Things you should know before Opening Bell

After a 3 percent drop in the previous week, bulls managed to regain control of D-Street on Monday with Nifty50 rising above 10,500. The index formed a small bullish candle on the daily candlestick charts which suggest that the rally could extend towards 10,700.


Midcaps may outperform, Nifty holds above 23.6% retracement level

Nifty fell over 300 points in the previous week on account of global sell-off extending losing streak to second consecutive week. Nifty now trades precariously close to a confluence of support zones.  


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