Present setup though indicates that Nifty can move towards 17,992 followed by 18,114 in the coming days. Market though has been restricted to head higher but with positive market breadth and outperformance of our domestic Index in comparison to its global peers might propel to challenge the immediate resistance of 17700-17750 zone while on the downside crucial support is placed at 17350 hence the broader trading zone for Index is amidst 17400-17800 and until we see a breakout on either side, traders are advised to be stock specific and avoid index directional trades. Tirthankar Das, Technical & Derivative Analyst, Retail, Ashika Stock Broking Ltd: On the technical front, Nifty long bull candle after opening lower with this the Index has now entered second consecutive day of decline however buying interest at lower levels indicates that emergence of buying interest at the lower levels is likely to act positively for the market. , 11:51:18 AM IST Ashika Stock Broking on today's market: ITntraday decline need to be hunted to create long position
Some traders estimate central banks will announce a record 75 basis point interest rate hike.
This was ahead of major policy decisions from Britain and the European Central Bank aimed at tackling sky-high inflation. The Hang Seng Index fell 1%.Įuropean stock markets gained at the open Thursday but pared some of the gains soon. Hong Kong's main benchmark, meanwhile, dropped for a sixth consecutive session. The Nikkei jumped 2.31%.Ĭhina stocks took an exception from the Asian rally and closed lower on Thursday as lingering domestic COVID-19 outbreaks kept sentiment subdued and clouded the economic outlook. Japan's Nikkei share average ended at a one-week high on Thursday, tracking Wall Street's overnight strong finish. Most Asian markets ended in green on Thursday. BPCL, Axis Bank, and Tech Mahindra also rose above 3%. Shree Cement continued its dream run and added 5% in today's session. Metal remained under pressure throughout the day with Hindalco and Tata Steel topping the list of stocks that dropped in value today. IT and Financial Service indices also ended with decent gains. Nifty ended with a gain of 175 points to close just below 17,800.īank indices did exceptionally well, especially PSU Bank which registered a gain of 2.5%.
Sensex added a whopping 660 points to close at 59,688. Indian benchmark indices soared on Thursday and gained 1% in the session. , 03:43:33 PM IST Sensex and Nifty closed at touching distance from 59,700 and 17,800, respectively.
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