The Sensex ended the day 476 points higher at 58,723 Meanwhile, the Nifty settled above 17,500 for the first time at 17,518, up 138 points.
On the Upside: NTPC, BhartiAirtel, Coal India, Ongc
On the downside-Grasim, Nestleind, BPCL Tata consumer
Tech View:- Index has managed to cross 15500 mark, Index not only cross but also sustained on and above which is 17518, On daily chart index has nifty has formed big bullish candle so we can expect more upside, If nifty is managed to held 17400-17300 which is acting as a strong support we can see upside levels 15600-15700. any downfall from present level can create new buying opportunity on mention support levels .
European & USA markets:
@ IST 4:30 European markets were trading atNegativenote. Where the Germany’s DAX trading Down by 0.22 %, Other hand France’s CAC40 indexrunningNegative by 0.60% where, England’s FTSE100 indexPositiveby 0.04%.
Where; wall street @ IST 4:30 The DOW future contract trading Positive21 points, or 0.06%,S&P 500 Future trading Positive @6.25 points, or 0.13%, Where Nasdaq100 future Positive 34.50 points, or0.22%.
Global News Analysis:
USA – U.S. stock index futures edged higher on Wednesday on easing fears of an earlier-than-expected cut to monetary stimulus, even though a slowing economic recovery and uncertainty over higher corporate taxes weighed on sentiment.
China: China’s economy slowed down further in August, under pressure from a spate of Covid-19-driven lockdowns and the lagged effect of measures taken earlier in the year to keep the country’s credit problems under control
Italy:- Italy’s Treasury expects the economy to grow by around 6% this year and by more than 4% in 2022, two sources close to the matter told Reuters on Wednesday, taking gross domestic product back above its pre-pandemic level by the end of next year