Nifty last close: 17594.35 (+1.6%)
Market erased some of the previous week losses and ended with moderate gains in the volatile week ended March 3
On weekly basis, Nifty50 rose 128.5 points or 0.73 percent to end at 17,594.30
Sensex added 345.04 points or 0.58 percent to close at 59,808.97
Mid-cap Index rose 1.7%, Large-cap Index gained 0.85%, and Small-cap index added 1%
PSU Bank gained 9%, Metal index 6.6%, Realty 6% and Media index up 5.2%
On the other hand, Pharma index shed 1 percent
Centre slahses windfall tax on diesel, removes it on ATF
China sets modest growth target of about 5% as parliament opens
FIIs net bought 246 crore while DIIs net bought 2090 crore
Gold eases on firmer dollar, rate hike fears
Spot Gold was down 0.1% at $1853/oz
Bitcoin falls 5.2% to $22250
US futures marginally higher following a rally in the cash market
US markets ended sharp gains on Friday
US fronline indices rise up to 2%
Apple up 3.5% after Morgan Stanley’s positive outlook
US 10-year yield eases to 3.95%
Volkawagon up over 11% after posting a better than expected outlook for 2023
Crude hovers around $85/bbl
Asian markets open largely higher
Nikkei up 1.5% and Hangseng down 0.4%
SGXNifty indicates a gap up opening for the index
Nifty weekly trend decider 17770 and 17250
Today Nifty is facing a intraday resistance 17635, 17660 and 17720
If breaks and manages above 17720 will try to move 17800
On other side, Nifty can be considered as supports as 17550, 17530 and 17475
Updated: 08.55 am / 06th March 2023
