Nifty last close: 19465 (+0.2%)
The equity benchmarks once again saved the best for last as they recovered the day’s losses to close higher on August 16
Nifty was opened gap down 19369 then made a low of 19317 then spiked up to 19482
Finally Sensex was up 137.50 points, or 0.21 percent, at 65,539.42
Nifty was up 30.50 points, or 0.16 percent, at 19,465
Major gainers on the Nifty included UltraTech Cement, Apollo Hospitals, NTPC, Infosys
While losers were Tata Steel, Adani Ports, Hindalco, HDFC Life
Except bank and metal, all sectoral indices ended in the green
Auto, power, realty, IT, pharma and capital goods were up 0.5-1 percent
Midcap index rose 0.2 percent and the smallcap index added 0.5 percent
GQG Partners and other investors bought 31.2 crore shares of Adani Power in a block deal
FIIs net bought 722 crore while DIIs net bought 2406 crore
US markets ended lower on Wednesday
Dow down 0.52%, Nasdaq declined 1.15% and S&P500 dropped 0.76%
US VIX sustained around 16.30
US Federal Reserve saw significant inflation risks that may merit more hikes, minutes suggest
Cisco climbs over 2.5% after good earnings report
US 10-year climbs to 4.28%
Crude slumps on economy slowdown in China
Brent crude at $83/bbl
Gold prices fall to $1890/oz as US dollar index and bond yields rise
Japan exports shrink for the first time in more than two years
MSCI Asia Ex-Japan stocks index hits nine-month low
Dollar index sustained around 103.3
Asian markets lower in early trade
Hangseng and Nikkei down more than 1% each
Today’s Nifty supports and resistance levels will be sent to my paid channel
Updated: 08.37 am / 17th Aug 2023
