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October 5, 2021

The BSE sensex closed the shop at 59,745 UP by 455 points and the Nifty close the day at 17,828, by adding 137 points.

On the Upside: ONGC, Indusindbank, Coal India, IOC
On the downside- Cipla, Hindalco, Shreecem, Sunpharma

Tech View:- Nifty had manage cross first hurdle 17760 and keep same momentum continue. Nifty close the counter at 17828 by adding 137 points, nearly a 0.77% gain and formed a Bullish candle on daily chart which indicate this momentum may continue, upcoming hurdle will be placed at 17830-17900 ,Support zone shifted upward at 17600-17700 zone we may expect to see 18000 mark in upcoming few session after crossing given hurdle.

European & USA markets: @ IST 4:30 European markets were trading at Positive note. Where the Germany’s DAX trading UPby 0.27 %, Other hand France’s CAC40 indexrunningPositive by 0.79% where, England’s FTSE100 indexPositiveby 0.62%.
Where; wall street @ IST 4:30 The DOW future contract tradingPositive115 points, S&P 500 Future tradingPositive@ 15 points, Where Nasdaq100 futurePositive56 points.

Global News Analysis:

China – China risks slower growth if it does not do enough to spur market competition by allowing the private sector to play a bigger role in the economy and greater two-way flow in cross-border investments, a report showed on Tuesday.
LONDON – Britain’s economic bounce-back after coronavirus lockdowns is being hampered by problems in supply chains, a jump in inflation and the risk of a rise in unemployment, complicating the task for policymakers of steering the recovery