Overnight it looked like that the US market is trying to make a bit of a recovery, at one point. It looked very much set for that and then the bottom fell out. This happened after markets in the UK closed. The S&P 500 ended about 1 percent lower, the NASDAQ was down about 1.15 percent, technology is the sector which is facing the maximum amount of trouble, treasury yields have been rising and the commodities part of the market continues to do very well. It is expected to be another interesting session. Will it be a repeat of January 19 trade? One will soon find out. Last two days have seen pretty large sell-offs here in India as well.

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Trade setup for Jan 20: Will bulls lift Nifty50 anytime soon? Check out key market cues ahead of Thursday’s session

Watch the accompanying video of CNBC-TV18’s Prashant Nair for more details.

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First Published:Jan 20, 2022 9:06 AM IST