SGX Nifty up 85 points; here's what changed for market while you were sleeping
Nifty futures on the Singapore Exchange traded 84 points, or 0.50 per cent, higher at 16,767.5, signaling that Dalal Street was headed for a positive start on Thursday.Tech View: Nifty50 on Wednesday formed a bullish candle on the daily chart, as the index settled higher after two days of consecutive fall. The bullish candle engulfed the previous negative candle completely, signaling a formation of bullish Piercing Line type candle pattern. India VIX: The fear gauge dropped mildly, less than a per cent, to 18.13 level on Wednesday over its close at 18.17 on Tuesday.Asian shares open higher Asian stocks opened higher on Thursday morning after the head of the Federal Reserve indicated the bank's pace of interest rate hikes could begin to slow down. MSCI's index of Asia-Pacific shares outside Japan was up by 0.45 per cent.