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The BSE sensex closed the shop at 60,616 UPby 221 points and the Nifty close the day at 18,055 by adding52 points.
On the Upside: Hcltech, Adaniport, Hdfc, Techm
On the downside-jswsteel, Tatasteel, Bpcl, Hindalco
Tech View:- Morning Session, We have seen due to mixed global sentiment mainly due to US inflation and the release of inflation data. The BSE Sensex was up over 174 points at 60,570, and the NSE Nifty was at 18,047, higher by 44 points.
Indian Vix:- was UP around 0.4% closed 17.76.
Sectoral,Nifty IT, and Nifty Energy contributed 1 % gain respectively.
Nifty have formed a Bullishcandleon daily chart, RSI and MACD supporting positive trend but as 18150 will be the biggest hurdle to get the 18500 mark, Hence; going forward 18150-17250 will be acting as a resistance and17900-17800 will act as support.
European & USA markets: @ IST 5:20 European markets were trading at Positivenote. Where the Germany’s DAX tradingPositiveby 1.15 %, Other hand France’s CAC40 indexrunningPositiveby 1.32% where, England’s FTSE100 indexPositiveby 0.64%.
Where; wall street @ IST 05:00 The DOW future contract tradingPositive94points, S&P 500 Future trading Positive17.50points, Where; Nasdaq100 futurePositive83.50points.
Global News Analysis:
CHINA- Cities across China are imposing tougher restrictions to try to control new outbreaks of COVID-19, with Tianjin now battling the highly contagious Omicron variant, which has already been detected in at least two other provinces.
LONDON -Oil rose to around $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery.
SINGAPORE – China’s commerce ministry said on Tuesday it will maintain anti-dumping and anti-subsidy tariffs on imports of distillers grains (DDGS), a by-product of ethanol production used in animal feed, from the United States during a review.
LONDON-The dollar slipped on Tuesday but was stuck within recent ranges as investors waited for U.S. Federal Reserve Chair Jerome Powell to speak at a congressional hearing later in the day.
EUROPE:-The euro zone’s inflation surge is not entirely temporary and risks are skewed towards higher-than-projected readings, new Bundesbank President Joachim Nagel said on Tuesday, challenging the European Central Bank’s narrative on price pressures.
USA:-Federal Reserve Chair Jerome Powell will pledge to fight inflation when he testifies on Tuesday at a congressional hearing during which fast-rising U.S. prices will likely spark plenty of lawmaker questions and criticism.