On the Upside: JSW Steel, ONGC, Bajajfinance, Indusind Bank
On the downside-Maruti, BPCL, Heromoto, BajajAuto
Tech View:-We have witnessed Sharp recovery from bottom and closed a day at 17566 and formed a bullish candle on daily chart after two bearish candles. Now going forwards 17600-17660 will act as resistance zone also supports are placed at 17500-17430 any break near said levels will be again buying opportunity .
European & USA markets:
@ IST 4:15 European markets were trading atPositivenote. Where the Germany’s DAX trading UPby 1.42 %, Other hand France’s CAC40 indexrunningPositive by 1.42% where, England’s FTSE100 indexPositiveby 1.41%.
Where; wall street @ IST 4:15 The DOW future contract tradingpositve 301 points, or 0.89%,S&P 500 Future [email protected] 35 points, or 0.80%, Where Nasdaq100 futurepositive113 points, or0.5%.
Global News Analysis:
HONG KONG : Persistent default fears eclipsed efforts by China Evergrande Group’s chairman to lift confidence in the embattled firm on Tuesday, as Beijing showed no signs it would intervene to stem any domino effects across the global economy.
SINGAPORE – Asian stocks struggled to shake off contagion fears on Tuesday and selling pressure persisted amid concern that troubles at indebted developer China Evergrande could ripple across the world economy, markets and financial system
USA:-A top U.S. investment bank cut China’s economic growth forecast on Tuesday for the next three years thanks to the combination of the Delta variant outbreak and tightening controls on the property and the infrastructure sector.