Nifty last close: 17151.90 (+0.3%)
Indian equity indices ended higher for the second consecutive session
Nifty was opened 17170 and was seen very range in the 50 points only
Sensex was up 139.91 points or 0.24 percent at 58,214.59
Nifty was up 44.40 points or 0.26 percent at 17,151.90
On the sectoral front, the pharma added 1% and the PSU Bank index was up 0.8%
Midcap index ended on a flat note, while smallcap index rose 0.5%
FIIs net bought 62 crore while DIIs net bought 383 crore
U.S. FED INTREST RATE DECISION ACTUAL: 5.00% VS 4.75% PREVIOUS; EST 5.00%
FED: WE WILL KEEP REDUCING THE BALANCE SHEET AS PLANNED
FED’S MEDIAN VIEW OF FED FUNDS RATE AT END-2024 4.3% (PREV 4.1%)
EURO RISES AGAINST DOLLAR AFTER FED RATE DECISION, LAST UP 0.66% AT 1.084
FED’S MEDIAN VIEW OF FED FUNDS RATE AT END-2025 3.1% (PREV 3.1%)
FED POLICYMAKERS: SLOWER GDP GROWTH IN 2023, LOWER UNEMPLOYMENT
US Future higher following a 25 bps rate hike by Fed
US markets ends fall on Wednesday
Frontline indices fell 1.5%
Sharp fall regional bank stocks & Treasury Secy comments weighted on market
US not currently working on Blanket Insurance for bank deposits
US 10-year yield slips to 3.47%
Crude rises 2% to post a one week high on Fed meet outcome
Gold prices above $1970/oz
Hindenburg tweets “Another Big One”
Asian markets lower in early trade
SGXNifty indicates a negative opening for the index
Likely to witness volatile will be expected during the day
However, Nifty is facing a intraday resistance 17170, 17185 and 17225
If stays above 17225…. expecting more rally
On other side, Nifty can be considered as supports as 17130, 17115 and 17090
Below 17090 will try to check 17030
Updated:08.48 am / 23rd March 2023
