The BSE sensex closed the shop at 58,465Downby 1170 points and the Nifty close the day at 17,440 byloosing323 points.
On the Upside: Bhartiairtel, JSWsteel, Asianpaint, Pwergrid
On the downside-Bajafinance, Bajafinsv, Tatamotors, reliance
Tech View:- Fresh week started with Red, selling pressure dragging market down. In the start of the session BSE Sensex touch high 59,778 soon its slipped to low and finally its ended in red @ 58465 by loosing 1170 points, Where; The NSE Nifty Close @ 17,440 loosing 323 points.
Nifty formed Bearish candle on daily chart, we have witnessed recovery from the 17300 level, Hence; Going forward 17300 will act as support level and 17500 will stay as a resistance.
European & USA markets: @ IST 4:40 European markets were trading atPositive note. Where the Germany’s DAX tradingPositive by 0.10 %, Other hand France’s CAC40 indexrunningPositiveby 0.22% where, England’s FTSE100 indexPositiveby 0.35%.
Where; wall street @ IST 04:40 The DOW future contract tradingPositive121points, S&P 500 Future trading Positive15.25 points, Where; Nasdaq100 futurePositive58points.
Global News Analysis:
London:- The euro fell on Monday to trade close to a 16-month low on growing concerns over the impact of new COVID-19 restrictions in Europe, with Austria starting a full lockdown and Germany considering following suit.
The German economy is taking “a breather” as a lack of goods and labour as well as new restrictions designed to fight the coronavirus pandemic put an end to its recent boom, the country’s central bank said on Monday.
London:- World stocks kicked off the week on a cautious note on Monday after posting a second consecutive weekly drop, and the euro struggled as traders weighed the risks of European lockdown restrictions and prospects of a faster Federal Reserve taper.
Austria powered down public life on Monday as its fourth national COVID-19 lockdown began, making it the first western European country to reimpose the drastic and unpopular measure this autumn in the face of surging coronavirus infections.