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October 13, 2021

The BSE sensex closed the shop at 60,737 UP by 452 points and the Nifty close the day at 18,161 by adding 169 points.

On the Upside: TATAmotors, M&M, Tataconsumer, ITC
On the downside-Maruti. Ongc, SBI life, Coalindia

Tech View:- Index opened on a positive note, Mainly due to better than expected CPI September Inflation and August Industrial Output data and the inflation dropped to a 8 month low at 4.35 per cent, while the IIP grew at 11.9 per cent.
Index managed to closed on positive note with gain almost 1% and formed bullish candle on daily chart, Going forwards immediate resistance zone will be 18250-18300. Supports for nifty is coming near 17950-18000 zone. RSI and MACD near to crossover indicating positive trend may continue.

European & USA markets: @ IST 04:00 European markets were trading atPositivenote. Where the Germany’s DAX trading UPby 0.69 %, Other hand France’s CAC40 indexrunningPositiveby 0.33% where, England’s FTSE100 indexNegative by 0.17%.
Where; wall street @ IST 04:00The DOW future contract tradingPositive 44points, S&P 500 Future trading Positive@ 8 points, Where Nasdaq100 future Positive 64points.

Global News Analysis:

China – China’s imports of coal surged by 76% in September as power plants scrambled for fuel to ease a power crunch that is pushing domestic coal prices to record highs and disrupting business activity in the world’s second-largest economy.
Austria’s budget deficit will be 2.3% of economic output next year, falling below the European Union’s 3% limit and shrinking from 6% this year, as growth improves and the COVID-19 pandemic eases, the new national budget showed on Wednesday.
China’s economic growth is likely to slow to 5.5% in 2022 from an expected expansion of 8.2% this year, a Reuters poll showed, but the central bank could remain cautious about monetary easing due to worries over high debt and property risks.
BEIRUT – Growing tension over a judicial probe into last year’s Beirut port blast threatens to push Lebanon into yet another political crisis, testing Prime Minister Najib Mikati’s new government as it struggles to dig the country out of economic collapse. .