The Dow Jones
Industrial Average fell 90.75 points, or 0.34%, to 26,287.44, the
S&P 500 lost 19.44 points, or 0.66%, to 2,918.65 and the Nasdaq
Composite dropped 80.02 points, or 1%, to 7,959.14.
US stocks fell on Friday following renewed jitters over the US-China trade war, capping a week of trading that saw big swings and high volume.
President
Donald Trump said the United States and China were pursuing trade talks
but he was not ready to make a deal, fanning fears over the impact of
the trade war on the global economy.
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NIFTY OPEN @ 11139.40 (+29.75)
After five weeks of consecutive decline markets post a rebound from
technically oversold levels and cooling off in global markets selling
pressure. Nifty started the week on a reversal mode making a hammer
pattern on the daily scale. We did see the market recovering from those
levels. As the markets became much less volatile after a sharp sell-off
buying was seen with long addition in 11100 - 11200 CE front along with
liquidation in 10700 - 10800 strikes.
NIFTY CLOSE @ 11109.65 (+77.20)
NIFTY CLOSE @ 11032.45 (+176.95)
