NiftyFuture last close: 17827.50 (+2.6%)
On Tuesday, Unexpected rally was seen in Indian markets
The Nifty50 surged more than 440 points to 17,759
Sensex climbed 1,564 points to 59,537
Midcap 100 index gained 2% and Smallcap 100 index rose 1.3%
Nifty Realty index emerged as the biggest gainer with 3.5 percent
Bank and Financial Services gained more than 3% each
IT and Auto indices were up 2.6 percent each and FMCG rose 2%
GDP growth surges to 13.5% in April-June on favourable base
But, GDP misses the estimates
April-July fiscal deficit at Rs 3.41 lakh crore
Core sector growth slows to 4.5% in July
India Inc’s foreign investment declines over 50% to $1.11 bn in July
Oil falls on greater supply and lower demand in China
Brent crude settled at $95.28/bbl
Gold prices slipped to a more than one-month low on Thursday
FIIs net bought 4165 crore while DIIs net sold 656 crore on Aug 30
Windfall tax on crude increased to Rs 13,300/l from Rs 13,000/l
Export duty on #ATF raised to Rs 9/l
Export duty on #diesel hiked to Rs 13.50/l
US future lower after a close in the red for cash segment
All major US indices drop more than 4% in August
European markets end lower
Euro zone inflation hit a new record high in August at 9.1%
SGXNifty indicates a huge gap down like 400 points from NF Tuesday close
SGXNifty indicates a huge gap down opening for the index
Likely to witness highly volatile will be expected during the day
NiftyFuture can be considered as supports as 17600, 17520 and 17420
If breaks and manages below 17420 will try to check next support 17350
On other side, NF is facing a intraday resistance 17650, 17700 and 17770
Updated: 08.40 am / 01st Sept 2022
