Nifty last close: 18181.75 (-0.6%)
Profit booking continued for the second straight session on May 17
Nifty was opened 18300 and fell to 18115 then recovered to 18180
Sensex was down 371.83 points or 0.60 percent at 61,560.64
Nifty was down 104.70 points or 0.57 percent at 18,181.80
On the sectoral front, realty, metal and IT indices shed 1% each
While bank, oil & gas and power indices fell 0.5 percent each
Midcap index ended marginally lower and smallcap index ended higher
VIX sustained around 13
ITC and SBIN will be declare their earnings report on today
US markets ended higher on May 17
Dow gained 1.25%, Nasdaq added 1.28% and S&P500 gained 1.20%
Amazon will invest 1.05 lakh crore ($12.7 billion) into cloud infrastructure in India
Regional bank stocks rebound. Western Alliance shares rises over 10%
Cisco slips nearly 4% after the weak earnings report
Tesla gained 4% after shareholders meeting
US 10-year yield rises to 3.55%
Crude rised and settled $76/bbl ahead US manufacturing and labour data
Gold prices slide below $1985/oz as US dollar index and Tresury yields rise
Asian markets higher in early trade
Hangseng rises nearly 1% and Nikkei up 1.5%
SGXNifty indicates a positive opening for the index
However, Nifty is facing a intraday resistance 18215 and 18240
If stays above 18240 will try to check 18285
On flip side, Nifty can be considered as supports as 18150, 18130 and 18100
Below 18100 will try to check 18050
Updated: 08.59 am / 18th May 2023
