The BSE Sensex closed the shop at 57,292 Down by 571 points and the Nifty close the day at 17,117 by Losing 169 points.
On the Upside:-Coal India, Hindalco, UPL, Ongc
On the downside: – Britannia, Grasim, Tata consumer, Shreecem
Macro View: – Today session Market have stated a day with positive but close the day with negative mainly due to talk between Russia and Ukraine failed to stop war reason; BSE started with positive gap up where it touch 58123 intraday high and eventually close to day’s low that is 57292 .
Nifty made a high of 17352, eventually close to day’s low 17117.
Sectoral the BSE MidCap index ending 0.7 % down while the BSE SmallCap index added 0.4 %
The Nifty Metal and Media indices ended in the green, inching up 1.3 % and 0.3 %, respectively. The top laggards were the Nifty FMCG index, down 2 %, and the Nifty PSU Bank index, down 1.5%.
Technical:-Nifty have formed strong Bearish candle on the daily chart, Nifty is trailing above 50 EMA It might take the support of 50 EMA which is coming near 17050 overall combination is a bearish engulfing pattern Going Forward 17000 will act as a major support and 17350- 17450 will be acting as a strong hurdle . Either way breakout can decide future trend of Nifty.
European & USA markets: @ IST 4:30 European markets were trading at Negative note. Where the Germany’s DAX trading Negative by 0.06%, other hand France’s CAC40 index running Negative by 0.14 %where, England’s FTSE100 index Positive by 0.56%.
Where; wall street @ IST 04:30The DOW future contract trading Negative 130 points, S&P 500 Future trading Negative 11 points, Where; Nasdaq100 future Negative 62 points.
Global News Analysis:
LONDON: – Oil prices jumped more than $3 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi oil facilities.
EUROPE: – The European Union should step up sanctions on Russia to target its lucrative energy sector, the foreign ministers of Lithuania and Ireland said on Monday at the start of a week of intense diplomacy aimed at agreeing more steps against Moscow.
DENMARK: The war in Ukraine could shave between 0.6 and 2.8 percentage points off Denmark’s expected economic growth this year, the Finance Ministry said on Monday.