The BSE sensex closed the shop at 59,183UPby 929 points and the Nifty close the day at 17,637 byadding283 points.
On the Upside: Coalindia, Eichermoto, Bajfinance, Tatasteel
On the downside-Cipla, Dr reddy, M&M, Divislab
Tech View:-Today’s early morning session we have seen The BSE and NIFTY started on a positive note. The BSE Sensex was at 58, 587, up 334 points, while the Nifty50 was at 17,464, higher by 110 point, during the day to hit a high of 59,266. It, eventually, settled 929 points higher at 59,183, where; Nifty50, meanwhile, shut shop at 17,637 levels, up 283 points. It hit an intra-day high of 17,647.
Indian Vix increase around 1.4%, closed @ 16.45.
Sectorial,the BSE MidCap and SmallCap indices by closing 1.2 per cent higher each, Nifty Bank, Nifty PSU bank, contributed 2 % gain individually.
Nifty have formed a strong Bullishcandle on daily chart, RSI and MACD signals positive. This trend will continue as Nifty had an elite downtrend wave breakout, hence; going forward17750-17850 will stay as a resistance and down side17550 -17450 will act as a support.
European & USA markets: @ IST 4:40 European markets were trading atPositive note. Where the Germany’s DAX tradingPositive by 1.01 %, other hand France’s CAC40 indexrunningPositiveby 1.26% where; England’s FTSE100 indexNegativeby 0.25%.
Where; wall street @ IST 04:10 The DOW future contract tradingPositive193 points, S&P 500 Future trading Positive 30points, Where; Nasdaq100 futurePositive 118 points.
Global News Analysis:
TURKEY- Turkey’s annual inflation rate is expected to have hit 30.6% in December, breaching the 30% level for the first time since 2003 as prices rose due to record lira volatility.
LONDON-Oil rose towards $79 a barrel on Monday supported by tight supply and hopes of further demand recovery in 2022 spurred in part by a view that the Omicron coronavirus variant is unlikely to significantly dampen the outlook.
SINGAPORE:-Singapore’s economy expanded at its fastest annual pace in over a decade in 2021 as the country emerged from its worst recession on record, caused by the deep hit to activity from the coronavirus pandemic.
LONDON:- Manufacturing activity in the euro zone remained resilient at the end of 2021 as factories took advantage of an easing in supply chain bottlenecks and stocked up on raw materials at a record pace, a survey showed.