Wall Street was closed due to extended new year holiday. DOW future flat as trading for 2023 to begin from today.
OPEC-JMMC meeting today. WTI Crude oil steady around $80 and brent crude steady around $85.
IMF Chief warns of “Tough year” for world economy. IMF already warned in October that 1/3 of the global economy and there are 25% chances of global GDP growing less than 2%.
VIX @ 14.68: within comfortable range of 14 – 16.
Approach on Indices: Nifty @ 18037 & Banknifty @ 42573 remains critical support level and view remain bullish till this level are held.
Market View: Incoming economic data and quarterly business updates will provide further cues, US Fed meeting minutes due to be released tomorrow is first set of important data.
SGX Nifty @ 18187 down 36 points at 8:20 AM