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January 27, 2022

The BSE sensex closed the shop at 57,276DOWNby 581 points and the Nifty close the day at 17,110 byloosing 167 points.

On the Upside:-Axis Bank, Sbin,Cipla, Maruti
On the downside- HCLtech, Techm, Drreddy, TCS,

Tech View:- the indices opened on a sharply lower note . The BSE Sensex was 926 points lower at 56,931, while the NSE Nifty was at 17,013, down by 264 points. BSE made a low of 56,439 and the Nifty50 indexmadea low of 16,867 to end at it has closed 17,110, down 167 points.

Indian Vix:- India VIX, decrease 1.4 % to end near 21.07-mark.

Sectoral, the BSE MidCap index fell over 1 per cent while the BSE SmallCap index slid 0.8 per cent.The Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the NIFTY Bank and Private Bank indices added about a per cent each

Nifty have formed a strong Bullish sort of pin barcandleon daily chart , we have witnessed recovery from the bottom Nifty chart still following and forming ascending triangle pattern which clearly shows we may see some positive movement in upcoming few session triangle range 16827-18215, May be the good opportunity for investor as nifty is trailing at the support zone but fail to defend 16827 can drag market further down, Hence; going forward 16800-16900 will be acting as a support zone and 17250-17350 acting as a resistance.

European & USA markets: @ IST 5:15 European markets were trading at Negativenote. Where the Germany’s DAX tradingNegativeby 0.55%, Other hand France’s CAC40 indexrunningNegativeby 0.34 %where, England’s FTSE100 indexPositive by 0.38
Where; wall street @ IST 05:15The DOW future contract tradingNegative4points, S&P 500 Future trading Negative3points, Where; Nasdaq100 futureNegative27points.

Global News Analysis:

USA- U.S. economic growth likely accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods, helping the nation to log its best performance in nearly four decades in 2021.
LONDON:-London remains the top global financial centre, according to a study from its own financial district, but is outgunned by New York and Singapore in access to talent, while Paris is adding competition from the European Union.
USA:-The Federal Reserve on Wednesday signaled it is likely to raise U.S. interest rates in March and reaffirmed plans to end its bond purchases that month before launching a significant reduction in its asset holdings.
USA:- Hawkish comments from Federal Reserve Chair Jerome Powell on Wednesday have led short-term interest rate traders to begin pricing for the possibility that the U.S. central bank could raise rates more than four times this year.
SINGAPORE:- Strategists at the world’s top investment banks scrambled to change their Federal Reserve rate calls on Thursday after policymakers emphasised at a policy meeting that it would continue to tighten policy to clamp down on inflation.
CHINA:- China is counting on revived infrastructure spending to support its slowing economy, but controls over local government debt risks and falling investment returns could hamper the renewed push, policy insiders and economists said.
RUSSIA:- Any tightening of western sanctions on an already pressured Russian domestic bond market would make borrowing more expensive for the government and trigger significant short-term volatility, a deputy finance minister said.
LONDON:-Oil traded at a seven-year high of about $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the U.S. Federal Reserve will tighten monetary policy