Wall Street decline by 0.49% to 1.49% on fear of another round of US Fed hike, tech stocks continue to decline as market goes into year end, holiday mood crips in.
Brent crude back to around $80, US 10-year bond yield around 3.6% indicates the mix trends.
China COVID situation continue to remain a concern for market as investor question re-opening, Asian market opened weak.
VIX @ 13.55: cooled off yesterday, back to below 14 level.
Approach on Indices: Banknifty looks strong compared to Nifty, indices would provide fresh entry opportunity around level on Nifty @ 18133 & Banknifty @ 42937.
Stocks in focus: ABB, BHARTIARTL, M&M, TATACHEM & KPITTECH.
SGX Nifty @ 18462.50 down 24.50 points at 8:15 AM
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