!1 New UpdateClick here for latest updates
Spicejet falls 4%, Adani Ent 7% | Take a look at the top losers
Price as on 22 Feb, 2023 10:21 AM, Click on company names for their live prices.
Sensex tanks over 500 pts!
Sectoral Watch: Nifty Metal, Oil & Gas sheds over 1%
Rupee falls 3 paise to 82.82 against US dollar in early trade.
Patel Engineering declares L1 for Water Tunnel Project and Micro Irrigation Project worth Rs. 1,026 crore from CIDCO, Visvesvaraya Jala NigamLimited
Price as on 22 Feb, 2023 09:46 AM, Click on company names for their live prices.
Nifty deravative by Anand James – Chief Market Strategist at Geojit Financial Services
Nifty weekly contract has highest open interest at 18000 for Calls and 17500 for Puts while monthly contracts have highest open interest at 18000 for Calls and 17500 for Puts. Highest new OI addition was seen at 18150 for Calls and 17800 for Puts in weekly and at 18150 for Calls and 17800 for Puts in monthly contracts. FIIs increased their future index long position holdings by -0.91%, increased future index shorts by -8.62% and in index options by -16.67% in Call longs, -4.72% in Call short, -21.72% in Put longs and -0.44% in Put shorts.
The US macro data continues to dictate equity markets globally. The US markets reacted sharply negatively to the series of economic data indicating that the process of disinflation is slow and, therefore, the Fed will have to continue raising rates longer than expected earlier. This pushed up the 10-year bond yield sharply to 3.95% and stocks fell sharply. These negative US equity market trends are impacting equity markets everywhere and India cannot be an exception to this trend at least in the near-term.Investors should ignore these short -term gyrations and focus on slowly accumulating high quality growth stocks which will bounce back smartly when the present near-term gyrations die down. Indian economic growth prospects continue to remain strong and all domestic demand driven sectors will continue to do well, going forward.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Check out the top movers in morning trade
Price as on 22 Feb, 2023 09:24 AM, Click on company names for their live prices.
Opening Bell: Sensex falls nearly 300 pts, Nifty below 17,800; Adani Power jumps 5%, Delhivery sheds 3%
Pre-open session: Sensex slips 250 points; Nifty below 17,760
Oil steadies as investors await U.S. Fed Reserve comments
Oil prices were steady on Wednesday as investors await the U.S. Federal Reserve’s comments after recent data pointed to the possibility of more interest rates hikes, which may lower economic growth and limit global fuel demand.
Asia equities fall on fear of hawkish central bank hikes
Asian share markets followed Wall Street into the red on Wednesday as surprising strength in global surveys of services stoked fears that central banks would have to lift interest rates yet further and keep them up for longer.
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 73.5 points, or 0.41 per cent, lower at 17,872.50, signaling that Dalal Street was headed for a negative start on Wednesday.
Tech View: Nifty charts hint at weakening selling pressure
Nifty today formed a bearish candle on the daily chart with a minor lower shadow. The index has been forming lower highs – lower lows from the last three trading sessions.
Wall Street posts worst day of 2023 on higher-for-longer rate fears
Wall Street posted its worst performance of the year on Tuesday, with the main benchmarks ending down as investors interpreted a rebound in U.S. business activity in February to mean interest rates will need to stay higher for longer to control inflation
Rupee falls 6 paise to close at 82.79 against US dollar
The rupee depreciated 6 paise to close at 82.79 against the US dollar on Tuesday as the strength of the American currency in the overseas market and a muted trend in domestic equities weighed on investor sentiments.
Sensex, Nifty on Tuesday
The 30-share BSE benchmark Sensex declined 19 points or 0.03% to settle at 60,673. The broader NSE Nifty dropped 18 points or 0.10% to end at 17,827.
Good morning, dear reader! Here’s something to kickstart your trading day