NiftyFuture last close: 17547.10 (-1.4%)
The Indian equity market snapped their three day winning streak
NF was opened 17750 and fell slowly up to 17510
The net tally was Sensex was down 770 points 58788 while Nifty was down 220 points
IT, Metal, FMCG, ended 1.5% down
Auto index climbed 0.4%
Smallcap and Midcap index fell 0.4% to 1%
Today’s result stocks Tatasteel, Shreecement, Indigo, PayTM, Siemens, Star, and CUB
FIIs net sold 1597 crore while DIIs net sold 370 crore
British brokerage said “RBI may hike reverse repo rate by 0.25% in next week’s policy
Bank of England raised interest rates to 0.5% on Thursday to fight inflation
Meta’s huge share price dropped by 26% on Thursday
The worst single day wipeout in market value for a US company
Meta share value dropped over $200 billion from Meta’s market capitalisation
Dow fell 518 points and Nasdaq dropped 540 points
Asian markets were mixed in Friday trade
SGXNifty indicates a positive opening for the index
Likely to witness volatile trade will be expected during the day
NiftyFuture formed a big bearish candle on last day
However, NiftyFuture is facing a intraday resistance 17600-17625
If stays above 17625 will try to move 17700
Stay caution at higher levels until 17820
On flip side, NF considering a supports 17500
If stays below 17500 will try to check 17390-17420
More live market update will be sent to my clients only
Updated: 08.53 am / 04th Feb 2022
