The BSE Sensex closed the shop at 55,776 DOWN by 709 points and the Nifty close the day at 16,663 by Losing 208 points.
On the Upside:-Tata consumer, M&M, Cipla, Shrecem
On the downside:: – Tatasteel,Hindalco,ONGC, Coal India
Macro View: – Today we have witnessed sharp fall in the Indian Market where; the BSE hit a low of 55,419. The index, however, recover some of the losses and ended at 55,776, down 709 points.
The NSE, Nifty50 bounced back from the day’s low of 16,555 to settle at 16,663, down 208 points.
Sectoral The BSE MidCap and SmallCap indices closed 0.68 % and 0.88 % loss, respectively.
Technical:-Nifty have formed strong Bearish candle on the daily chart ,Yesterday market had a falling channel breakout, today we have seen Nifty have tested the level we have witnessed that Nifty have shown good recovery form the breakout level, Therefore; On the upper side, the index may face hurdle 16850-16950. On the lower end, 16600-16500 is likely to act as support.
European & USA markets: @ IST 05:30 European markets were trading at Negative note. Where the Germany’s DAX trading Negative by 1 .11%, other hand France’s CAC40 index running Negative by 1.21 %where, England’s FTSE100 index Negative by 0.94%.
Where; wall street @ IST 05:30The DOW future contract trading Positive 42 points, S&P 500 Future trading Positive 6 points, Where; Nasdaq100 future Positive 43 points.
Global News Analysis:
EUROPE: – Nine other countries have joined the G7 nations in stripping Moscow of its privileged trade treatment following Russia’s invasion of Ukraine, EU trade chief Valdis Dombrovskis said on Tuesday.
RUSSIA: – Russia’s central bank provided banks with all 3 trillion roubles ($26.73 billion) at a one-week repo auction on Tuesday, facing demand of 4.84 trillion roubles, as lending institutions scramble to manage their liquidity amid collapsing Russian markets.
USA: – Russia’s central bank provided banks with all 3 trillion roubles ($26.73 billion) at a one-week repo auction on Tuesday, facing demand of 4.84 trillion roubles, as lending institutions scramble to manage their liquidity amid collapsing Russian markets.
LONDON: – Oil prices dropped to their lowest in almost three weeks on Tuesday as Russia indicated it is in favour of the Iran nuclear deal resuming as soon as possible.