12th April 2024 #Nifty Intraday Levels and Pre-Market Reports

Nifty last close: 22753.80 (+0.49%)

On Wednesday Nifty was seen range with positive bias
Finally, Nifty was up 111 points, or 0.49 percent, at 22,753.80
Sensex was up 354.45 points, or 0.47 percent, at 75,038.15
Nifty Midcap 100 and Bank Nifty also touched their respective record highs in today’s session
Except pharma, all other sectoral indices ended in the green
Media, PSU Bank, FMCG, metal, oil & gas stocks were up 1-2 percent
March SIP inflows at ?19,271 Cr vs ?19,187 Cr (MoM)
Smallcap mutual funds saw outflows for the first time in 30 months in March
Smallcap funds saw a net outflows of Rs 94 crore in March against net inflows of Rs 2,922.45 crore in February
The last time smallcap funds saw net outflows, of Rs 249 crore, was in September 2021
Inflows into midcap funds slumped 44 percent to Rs 1,018 crore against net investments of Rs 1,808.18 crore in February
Largecap funds as inflows into the category jumped 131 percent to Rs 2,128 crore in March
Foreign institutional investors (FIIs) net bought shares worth Rs 2,778.17 crore
while domestic institutional investors (DIIs) purchased Rs 163.36 crore worth of stocks on April 10
India’s largest IT services company TCS is going to announce earnings for the fourth quarter on April 12
US markets was seen highly volatile in last two days
On Wednesday US ended huge selling pressure and fell 1% in frontline indices after CPI inflation
On Thursday The Producer Prices index (PPI) came in softer than expected
Supporting the narrative that price growth is still cooling
Dow ended flat note, Nasdaq gained 1.7% and S&P500 rallied 0.8%
US VIX fell 8% to 14.9
Apple rises 4.3% after the positive report from company
Nvidia ends 4% higher and Amazon jumps all time high
US 10year yield rises above 4.5%
Crude rises above $90/bbl
Gold hits all time high $2385/oz
Dollar index above 105
ECB holds rates at record highs, signals upcoming cut
Asian markets open mixed and Hangseng down 2%

GiftNifty indicates slightly negative for the index
Nifty is facing a intraday resistance 22780 and 22810
If stays above 22810 will try to check 22860

On flip side, Nifty considering a supports 22725 and 22700
Below 22700 finding a next support around 22640

Updated: 08.54 am / 12th April 2024