PRE MARKET----> Will Nifty Defend 24,000 Today? Crude Near $79, Metals Bounce, IT Faces Headwinds
While US markets closed largely stable, a sharp fall in IBM shares is likely to keep the IT sector under pressure. At the same time, a rebound in global metal prices could bring renewed interest in metal stocks.
##Global Cues Remain Mixed
Key Overnight Developments
• US markets closed on a stable note
• Crude oil is hovering near $79 per barrel
• IBM shares witnessed a sharp decline, creating a negative read-through for global IT sentiment
• Global metal prices showed signs of recovery
---->IT Sector May Remain Under Pressure
A sharp decline in IBM shares overnight could impact sentiment across technology stocks globally.
Stocks in Focus
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