Nifty last close: 21725.70 (+0.95%)
Equity benchmarks the Sensex and the Nifty rallied a percent each on January 31
Nifty was opened 21500 then rallied up to 21750
Finally, Nifty was up 203.60 points, or 0.95 percent, at 21,725.70
Sensex was up 612.21 points, or 0.86 percent, at 71,752.11
For the month, the Sensex fell 0.67 percent, while the Nifty ended flat
Biggest Nifty gainers included Dr Reddy’s Laboratories, Eicher Motors, Sun Pharma, Divis Labs
While losers were L&T, Titan Company, Tata Consumer and BPCL
Except capital goods, all sectoral indices ended in the green
With auto, bank, healthcare, power, metal and realty up 1-2 percent
Midcap index added 1.5 percent and the smallcap index nearly 2 percent
US markets ended sharply lower after the Hawkish comment by FED
POWELL Statement is, INFLATION HAS EASED NOTABLY BUT REMAINS ABOVE 2% GOAL
LOWER INFLATION WELCOME, BUT NEED CONTINUED EVIDENCE
DON’T THINK IT’S LIKELY FED WILL CUT IN MARCH
PREPARED TO HOLD RATES FOR LONGER IF APPROPRIATE
Dow down 0.82%, Nasdaq slipped to 2.23% and S&P500 down 1.6%
Nasdaq records worst day in 4 months falls over 2%
Microsoft falls more than 2%
US 10-year yield below 4%
Brent crude near $81/bbl
Gold prices rise to $2040/oz
Asian markets open mixed in early morning
Hangseng up 1.6% and Nikkei down 0.72%
GiftNifty indicates a positive opening for the index
FM will be submit interim budget at 11 am so market will see highly volatile
However, Nifty is facing a intraday resistance 21780 and 21800
If stays above 21800 finding a next resistance 21850 and 21930
On other hand, Nifty considering a supports 21670 and 21640
Below 21640 fidning a next supports 21570 and 21470
Updated: 08.43 am / 01st Feb 2024
