Nifty last close: 16972.15 (-0.4%)
The Indian equity markets ended in the red for the fifth consecutive session
Nifty was opened gap up at 17166 then fell to 16938
Sensex was down 344.29 points or 0.59 percent at 57,555.90
Nifty was down 71.10 points or 0.42 percent at 16,972.20
Nifty metal index added nearly 2 percent, and pharma index up 0.3%
PSU Bank index shed 1.2 percent, the Nifty Bank index 0.9 percent
Auto and FMCG down 0.5 percent each
US Futures higher following a mixed close for the cash market
US market pares losses after opening sharp cuts
Dow down 0.87%, S&P500 fell 0.7% and Nasdaq ended flat
US VIX shot up 10% to 26.14
US 10-year yield slips to 3.5%
Credit Suisse hits record low as top share holder rules out more assistance
CS says it will borrow up to about $54 billion from Swiss Central Bank
European markets closed with deep cuts
Ftse, Dax and Cac down nearly 2.5% to 3.5%
European banking stocks plunged up to 7%
European oil and gas sector fell 6.7% while mining stocks shed 5.6%
Crude slides further and hits lowest level since Dec 2021
Brent crude $74/bbl
Gold prices rise above $1930/oz hits highest level since early Feb
Dollar index makes a sharp move to 104
Asian markets lower in early trade
SGXNifty indicates a positive nore for the index
likely to witness highly volatile will be expected during the day
Nifty is facing a intraday resistance 17020 and 17050
If sustains above 17050 will try to move 17125
Nifty can be considered as supports as 16930 and 16900
If sustains below 16900 finding a next support around 16830
Updated: 08.43 am / 16th March 2023
