Wall Street ended flat as concern interest rate continues, German CPI @ 0.8% Vs estimate of 0.5%.
AXISBANK completes acquisition of CITI Bank ‘s India business at cost of 11603 crores. Acquisition added 1.8 million credit card and deposit of 39900 crores.
GST Collection in February @ 1,49,577 crores, just short of 1.50 lakh crores, recorded 12% growth compared to previous year.
VIX @ 13: within comfortable range of 12.50 – 14
Approach on Indices: Nifty & Banknifty is managing to hold on to lower level and forming base, Nifty @ 17375 & Banknifty @ 39970 level. F&O weekly option expiry today – expect short covering in 2nd half.
Market View: Market continue to play on positive domestic cues Vs concern on global cues. We continue to focus on Mid-cap & Small-cap stocks with stocks specific story. We believe, market is in accumulation zone till some near-term lows are held on as it forms double bottom.
SGX Nifty @ 17475.50 down at 8:40 AM