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The BSE sensex closed the shop at 55,858 UP by 1328 points and the Nifty close the day at 16,658 by Adding 410 points.
On the Upside:-Coalindia, Tatamotors, Tatasteel, Adaniports
On the downside -Britania, Nestleindia, Hindunilvr
Tech View:- Today’s session market have started a day with gap up Positive 518 points, where; Nifty made a low of intra day 16470 and high of 16730, Eventually close by adding 410 points 16,658.
Sectoral, the MidCap and Smallcap indices on the BSE outperformed the benchmarks and closed little over 4 % higher each.
The Nifty Realty and PSB indices logged the sharpest rebound today with 5 % gain each on the NSE This was followed by the Nifty Private Bank index 4 %, Nifty Bank index 3.5 %, and the Nifty Pharma, Auto, and Financial Services indices 3 %.
Nifty have formed strong Bullish candle on daily chart and Weekly chart. Nifty resistance is placed at 16750-16850, whereas supports are placed at 16550/16450.
Any move further 16750 and sustain above 16550 can bring positive momentum back in the Nifty.
European & USA markets: @ IST 06:00 European markets were trading at Positive note. Where the Germany’s DAX trading Positive by 1.73%, Other hand France’s CAC40 index running Positive by 1.86 %where, England’s FTSE100 index Positive by 2.45%.
Where; wall street @ IST 06:00The DOW future contract trading Negative 121 points, S&P 500 Future trading Negative 14 points, Where; Nasdaq100 future Negative 36 points.
Global News Analysis:
JAPAN–Japan will step up spending to strengthen its supply chains and do more to guard against cyberattacks launched through imported systems and software under draft legislation approved by the cabinet on Friday.
FRANCE:–The European Central Bank’s chief economist Philip Lane has told fellow policymakers that the Ukraine conflict may reduce the euro zone’s economic output by 0.3%-0.4% this year, four people close to the matter told Reuters. .
LONDON:-British Prime Minister Boris Johnson will address the nation on Thursday before setting out what he has called “the toughest possible” set of sanctions on Russia after it launched an all-out invasion of neighbouring Ukraine.
India- Indian bond yields rose while the rupee fell on the week as Russia’s invasion of Ukraine weighed on investor sentiment, while the Indian government’s decision to go ahead with the last scheduled debt sale for the year also hurt bonds
GERMAN-Suspending Russia from the SWIFT global interbank payments system would be technically difficult to arrange and would have a massive impact on transactions for Germany and German businesses in Russia, a German government spokesperson said.
LONDON:-Oil prices slipped on Friday, after sharp rises in the session, on concern over potential global supply disruptions from sanctions on major crude exporter Russia.