Nifty last close: 23290.15 (+2.05%)
Indian market wiped-out previous week losses and gained more than 3 percent
Extreme volatility led by BJP-led NDA did not receive a clear mandate as expected in exit polls
However, the market rebounded strongly, and went to all-time high after RBI raised the growth forecast for FY25
On weekly basis Sensex gained 2,732.05 points or 3.69 percent to close at 76,693.36
Nifty50 index rose 759.5 points or 3.37 percent to finish at 23,290.20 low 21280
Small-cap index advanced 3 percent & Mid-cap Index rose 3 percent
Among sectors, Nifty Information Technology index rose 8.6 percent, Nifty FMCG index rose 7 percent
Nifty Auto index gained 6.8 percent, and Nifty Media and Realty indices added 5 percent each
However, Nifty PSU Bank index declined 1.4 percent
During the week, Foreign institutional investors (FIIs) sold equities worth of Rs 13,718.42 crore
while Domestic Institutional Investors (DII) bought equities worth Rs 5,578.71 crore
US markets ended lower on June 7
Dow down 0.22%, Nasdaq declined 0.23% and S&P500 ended flat note
Non Farm Payrolls data for May sees an increase of 2.72 lakh vs forecast of 1.82 lakh
US 10-year yield rises to 4.44%
Crude falls below $80/bbl
Gold prices fall to $2298/oz
Dollar index sustained around 105
Most asian markets are shut today
Nikkei up 0.5% and Kospi up 0.2%
GiftNifty indicates slightly negative note for the index
Nifty this week trend decider 22650 and 23500
Today Nifty is facing a intraday resistance 23335 and 23380
If stays above 23380 will try to check 23450-23500
On flip side, Nifty considering a supports 23240 and 23190
Below 23190 finding a next support around 23100
Updated: 08.44 am / 10th June 2024
