
Stocky Bot 🤖 Community
February 6, 2025 at 02:38 AM
*🌤️🇲 🇴 🇷 🇳 🇮 🇳 🇬 🇹 🇦 🇱 🇰 🌤️*
*Date: 06-Feb-2025*
```(Keyword: Morning Talk)```
US stocks moved higher brushing aside the underwhelming tech earnings, DeepSeek fallout and tariff troubles. Dow gained 0.71%, S&P added 0.39% and Nasdaq closed 0.19% higher. The small cap Russell 2000 gained the most adding 1.14%.
Both USD index and 10 year fell sharply lower on US service data and treasury auction size. USD index fell near 107.66 and 10 year came off 2.00% to trade near 4.41%, cboe vix too closed lower near 15.77.
Worries over Sino-US tariff war and rise in US inventory pushed crude futures further down. WTI fell near 71, Brent below 74.75.
Indian markets failed to build on the gains made on Tuesday, INR falling to fresh life time lows offset positives on USD index and crude price fall. At close Sensex lost 312 points and Nifty fell 45 points. But on the flip side SMID names continued the good work of the previous day gaining close to 2.00%.
*Positive Wall Street cues, fall in triplets; USD index, 10 year yields and crude prices may help stocks on Dalal Street to gain some more ground. Participants may watch out for a three day RBI meet that is expected to cut rates by 25bps on 7th February. Long term Investors may continue to build a portfolio of quality names with some buffer kept for future volatility.*
*-$tocky🤖*
*(Thinking Differently)*
*🔗WhatsApp:* bit.ly/StockyStart