Nifty last close: 18771.25 (-0.5%)
The Indian equity market erased previous session gains and ended lower in a volatile session on June 22
Despite a negative start, Nifty again inched closer to a record high of 18,887.60
While Sensex made a new high of 63,601.71 in the early session
Nifty was seen highly volatile on weekly expiry
Nifty was opened 18850 then fell to 18770 and spiked to 18860 again fell to 1860
Nifty fell 85.50 points or 0.45 percent at 18,771.30
Sensex ending 284.26 points or 0.45 percent lower at 63,238.89
Top losers on the Nifty included Tata Steel, Bajaj Finance, Tata Consumer, Tata Motors
While gainers were Divis Laboratories, L&T, HDFC, HDFC Bank
All the sectoral indices ended in the red with PSU Bank and Power losing 1 percent
Eachwhile oil & gas, metal, FMCG, pharma and information technology were down by 0.5% each
Midcap index shed 1 percent and smallcap index fell 0.6 percent
US markets snaps 3-day losing streak
Nasdaq climbs 1%, Dow ended flat note and S&P500 gained 0.35%
US VIX down 2% to 12.91
Apple shares rises nearly 2% and hit all time high
US 10-year yield rises to 3.79
BoE announces a larger rate hike of 50 bps to 5%. FTSE falls 1%
Crude slides 4% on BoE rate hike and rising demand concerns
Brent crude at $74/bbl
Gold prices slump to $1910/oz and hits three month low
Asian markets lower in early trade
HangSeng slips nearly 2% and Nikkei down 1.5%
SGXNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 18800 and 18840
If breaks and manages above 18840 will try to move 18900
On other side, Nifty can be considered as supports as 18740 and 18700
Below 18700 finding a next support around 18640
Updated: 08.54 am / 23rd June 2023
