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October 1, 2021

The BSE sensex closed the shop at 58,765 down by 360 points and the Nifty close the day at 17,532, by loosing 90 points.

On the Upside: M&M, Coalindia, IOC, Ultracemco
On the downside-Bajafinserv, Maruti, Asianpaint, Bajajfinance

Tech View:-We have witnessed another negative session after gap down opening market have shown comeback and managed to closed a week at 17532 with a loss of nearly 2% and formed a bearish candle on the weekly chart. on daily chart index formed a Doji candle pattern which indicate indecision in the markets, going forwards index has formed supports near 17450-17400 zone if market managed to sustain on said level we may see some sort of pull back going forward immediate resistance zone will be 17600-17700.

European & USA markets: @ IST 4:00 European markets were trading atNegativenote. Where the Germany’s DAX trading Downby 0.78 %, Other hand France’s CAC40 indexrunningNegativeby 0.69% where, England’s FTSE100 indexNegativeby 1.03%.
Where; wall street @ IST 4:00 The DOW future contract tradingNegative 169 points, S&P 500 Future tradingNegative@ 18.75 points, Where Nasdaq100 futureNegative51.25 points.

Global News Analysis:

UK:- British gasoline stations running dry, surging power costs in the European Union ahead of winter, forced restrictions on energy use in China and rising oil, natural gasand coal prices.
USA:-Merck & Co Inc’s experimental oral drug for COVID-19, molnupiravir, reduced by around 50% the chance of hospitalization or death for patients at risk of severe disease, according to interim clinical trial results announced on Friday.
Europe:-Euro zone inflation hit a 13-year high last month and looks likely to jump higher still, further clouding the European Central Bank’s benign view of the biggest price spike since before the global financial crisis.