Wall Street ended flat, NASDAQ was down 0.61% as US bond yield above 3.6% on Friday and currently above 3.73%.
Crude oil is trading higher after Russia announce to cut production by 500,000 bpd from March 2023, in response of price cap announce by US & Europe nations.
IIP for December 2022 @ 4.3% compared to 7.3% in November 2022. India ‘s CPI data to be released today, expectation @ 5.90%.
US CPI & Core CPI data due to be released today.
VIX @ 12.74: Lowest level since Budget.
FII F&O data: Long @ 17.75% & Short @ 82.25%.
Approach on Indices: Indices likely to trade in narrow range, currently trading 20-DMA on Nifty @ 17871 & Banknifty 20-DMA @ 41642.
SGX Nifty @ 17849 down 28 points at 8:20 AM
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