Gift Nifty down 30 points; here's the trading setup for today's session

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Key Points

"Moreover, many global economic data are expected on Thursday which could further add to volatility..

Nifty futures on the Gift Nifty traded at 22,185, down 29 points or 0.13%, siganlling a negative start for Dalal Street...

US stocks were higher on Wednesday, with the Dow leading gains and the S&P 500 setting a closing record, paced drugmaker Merck, while investors looked towards the next piece of inflation data and Federal Reserve commentary for signals on the rate path...

The U.S. dollar received a boost against major currency peers on Thursday, as a Federal Reserve official said he wasn't in a hurry to cut rates amid sticky inflation, and as traders braced for key economic data...

Global oil prices edged up on Thursday, recovering from two consecutive sessions of decline, as investors reassessed the latest U.S. crude oil and gasoline inventories data and returned to buying mode...

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