05th May 2022 #NiftyFuture Intraday Levels and Pre-Market Reports

NiftyFuture last close: 16702.50 (-2.2%)

On Wednesday, NiftyFuture slipped more than 2% after the RBI surprise announcement
NF was dropped more than 450 points from day’s high 17135 to 16643
RBI has announced a 40-basis-point hike in the key lending rate and raised the cash reserve ratio (CRR)
By 50 basis points in an unscheduled announcement on May 4
The revised repo rate now stands at 4.40 percent and the CRR at 4.5 percent.
RBI hikes rates for the first time since Aug 2018
10-year yield rises to highest level since 2019
All the sectoral indices ended in the red with auto, bank, FMCG, power, metal, realty, healthcare, capital goods indices down 1-3 percent
BSE midcap index shed 2.63 percent and the smallcap index fell 2.11 percent
LIC IPO day 1 : 67% issue booked and employee portion fully subscribed
FED lifts rates by half point and starts balance sheet reduction June 1
US markets surged up to 4% on Fed’s expected 50 bps rate hike
Fed rulling out 75 bps rate hike is taken positive
10 year US bond yield flat around 2.95%
FIIs net sold 3288 crore while DIIs net bought 1338 crore

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Updated: 08.52 am / 05th May 2022