Nifty last close: 17107.50 (+0.7%)
Nifty was seen relif rally on 22 March
Nifty was opened 17060 and fell to 17016 then spiked to 17127
Sensex was up 445.73 points or 0.77 percent at 58,074.68
Nifty was up 119.10 points or 0.70 percent at 17,107.50
Bank and capital goods were up 1 percent each
Information technology and FMCG lost 0.5 percent each
Midcap index rose 0.66 percent and smallcap index added 0.5 percent
Reliance, Hdfcbank, Icicibank and Bajajfinance lift the index
VIX was down 5% to 15
Inflation expected to range between 5% to 5.6% in FY 2024 : RBI
FIIs net sold 1454 crore while DIIS net bought 1946 crore
US future flat showing a close in the green for cash market
US markets ends with gains on Tuesday
Frontline indices rise up to 1.5% to 2%
First Repubilc bank slips 14%
GameStop surges 50% and company posted 1st Qtr profit in 2years
US 10-year yield rises to 3.59% ahead of FOMC minutes
Dollar index edges lower against a basket of currencies
Crdit Suisse shares ends 7% higher while UBS ends with of 12% higher
Crude higher after hitting 15-month low
Brent crude nearly $75/bbl
Gold prices fall below $1950/oz
Asian markets higher in early trade
Hangseng rises more than 2% and Nikkei up 2%
SGXNifty indicates a positive opening for the index
Nifty is facing a intraday 17130, 17150 and 17180
If breaks and manages above 17180 will try to check 17230
On flip side, Nifty can be considered as supports as 17075, 17040 and 16980
Below 16980… expecting more pain
Updated: 08.50 am / 22nd March 2023
