SGX Nifty up 25 points; here’s what changed for market while you were sleeping

Equity markets faced weakness due to weak global cues and investors weighing the possibility of another rate hike by the Fed. Nifty futures on the Singapore Exchange traded 22.5 points indicating a positive start for Thursday. The market is expected to find support around 17600-17500 levels. There are expectations of further momentum in sectors such as pharma, specialty chemicals, sugar, rice, and realty. The rupee fell against the US currency, and foreign portfolio investors and domestic institutional investors have been net sellers. Several companies, including HCL Tech and ICICI Pru Life, will announce their results on Thursday.