The BSE sensex closed the shop at 57,315UPby 384 points and the Nifty close the day at 17,051 byAdding96 points.
On the Upside: Powergrid, IOC, Ongc, ITC
On the downside-Divislab, Jsw Steel, BhartiARTL, Sunpharma
Tech View:-Third consecutive day market have close the business in green Today session we have witnessed due toglobal market cue market have started day with positive move where in morning session The BSE Sensex surged 261 points to quote at 57,224 level while the Nifty50 was at 17,039, up 83 points, eventually The BSE index touched a high of 57,491 and close at 57,315 – up 384 points, Where; The Nifty touched a high of 17,119 and The Nifty 50 finally finished 96 points higher at 17,051.
Indian Vix decrease around 4.6%, closed @ 15.82.
Sectorial,all sectoral settled in green. Sub-indices Nifty Pharma, Nifty Metal and Nifty Auto jumped as much as 1.99 per cent, Mid- and small-cap shares jumped as Nifty Midcap 100 index climbed 1.55 per cent and Nifty Smallcap 100 index surged 2.15 per cent.
Nifty have formed a strong Bearish pin bar sort ofcandle on daily chart, Which indicate market is in confusion mode further explain we may face strong resistance Hence; there is a chance we may see some profit booking from present level and market may go in consolidation mode, Hence; going forward17250-17350 will be acting as a resistance and down side 16950-16850 will act as a support.
European & USA markets: @ IST 4:10 European markets were trading atPositive note. Where the Germany’s DAX tradingPositive by 0.50 %, other hand France’s CAC40 indexrunningPositiveby 0.34% where; England’s FTSE100 indexPositiveby 0.31%.
Where; wall street @ IST 04:10 The DOW future contract tradingPositive73 points, S&P 500 Future trading Positive 8 points, Where; Nasdaq100 futurePositive 17 points.
Global News Analysis:
JAPAN- Japan’s government hopes the central bank keeps up efforts to achieve an inflation target of 2% and works closely with it on economic policy, Prime Minister Fumio Kishida said on Thursday.
CHINA- China will roll out more policies to help exporters and importers as foreign trade faces growing uncertainties, the official Xinhua news agency said on Thursday, citing a meeting of the state council, or cabinet, chaired by Premier Li Keqiang.
JAPAN:-Japan upgraded on Thursday its growth projections for the next fiscal year starting in April, saying it expected gross domestic product (GDP) to hit a record even amid risks from the Omicron variant and supply constraints, Cabinet Office officials said.
HONKONG:-Three doses of China madeSinovac’sCoronaVac COVID-19 vaccine do not produce adequate levels of antibodies to fight the Omicron variant of the coronavirus, researchers from Hong Kong said in a statement