Nifty last close: 19742.30 (-0.80%)
Domestic benchmark indices closed for the third straight day in losses on September 21
Nifty was opened 19850 then fell to 19720 and ended around 19740
Nifty 50 slumped 159.05 points, or 0.8 percent, to 19,742.35
Sensex declined 570.60 points, or 0.85 percent, to 66,230.24
TechM, Dr Reddy’s Labs, Asian Paints and Bharti Airtel were other big gainers adding over 1% each
M&M was the top loser in the pack, down about 3 percent
ICICI Bank, Cipla, SBI, IndusInd Bank and UltraTech followed with cuts in the range of 2-3% as well
Nifty Auto, Nifty Bank and Nifty Financial Services ended lower by about 1.5 percent each
Nifty Smallcap 100 declined 1.34 percent while Nifty Midcap 100 0.89 percent
BANK OF ENGLAND RATE DECISION: 5.25%; EST. 5.50%; PREV. 5.25%
TURKEY’S CENTRAL BANK RAISES KEY INTEREST RATE BY 500BPS TO 30.00%; EST. 30.00%; PREV. 25.00%
VEDL approves raising funds up to Rs 2500 crore via NCSs
FIIs net sold 3007 crore while DIIs net bought 1158 crore on Sept 21
US markets ended lower on Sept 21
US Dow down 1.09%, Nasdaq declined 1.85% and S&P500 dropped 1.65%
US VIX shot up to 16% to 17.54
Nasdaq and S&P500 worst week in six months
US 10 year yield climbs to 15-year high of 4.5%
Brent crude rises above $93/bbl
Gold prices fall to $1920/oz
Dollar index ended at 105.40
Asian markets mixed in early trade
Japan Nikkei down 0.85% after the BoJ hold the rates
BOJ INTEREST RATE ACTUAL -0.10% (FORECAST -0.10%, PREVIOUS -0.10%)
Hangseng and Shanghai up 0.75% in early trade
GiftNifty indicates a lower opening for the index
Nifty is facing a intraday resistance 19780 and 19820
If stays above 19820 will try to move 19900
On other side, Nifty considering a supports 19720 and 19700
Below 19700 finding a next support around 19650
Updated: 08.55 am / 22nd Sept 2023
