| Indian Market | 24-Mar-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 17222.75 | -22.90 | -0.13% |
| Sensex | 57595.68 | -89.14 | -0.15% |
| Banknifty | 35527.10 | -620.25 | -1.72% |
| Indian Market | 24-Mar-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 29308.35 | 171.05 | 0.59% |
| Nifty Small-Cap 100 | 10355.65 | 44.65 | 0.43% |
| India VIX | 23.93 | -0.82 | -3.31% |
| US Market | 24-Mar-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 34707.95 | 349.44 | 1.02% |
| S&P 500 | 4520.16 | 63.92 | 1.43% |
| Nasdaq | 14191.84 | 269.23 | 1.93% |
| Currency / Commodity | 24-Mar-22 |
|---|---|
| Indices | Current |
| USD/INR | 76.3250 |
| EUR/INR | 83.8970 |
| Dollar Index | 98.532 |
| US 10-year bond | 2.372% |
| WTI Crude Oil | $ 112.22 |
| Brent Crude Oil | $ 119.19 |
| Gold | $ 1964.70 |
| Bitcoin | $ 44,049 |
| FII / DII Activity | 24-Mar-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 1740.71 | |
| DII | 2091.07 |
Trade Setup
- Indian market ended the day flat, but Banknifty ended with cut of 1.72% on back of KOTAKBANK block deal. IT continue its upward momentum and Mid-Cap & Small-Cap seeing some build up ahead of FY end.
- NATO emergency summit: U.S. imposed new sanctions on over 400 political figures, oligarchs & defense cos. Biden said that he believed Russia should be ousted from Group of 20
- U.S. expected to announce on Friday measures to enhance European energy security & cut its dependence on Russian gas
- NATO Summit: France President MACRON – We are entering in an unprecedented food crisis; situation will be worse in in 12 to 18 months as Ukraine cannot sow.
- OMC hikes fuel prices 3rd time in last 4 days. Crude Oil cooled off around $3 yesterday.
Technical View
- Nifty: RSI @ 55.21 & RSI average @ 52.35, showing signs of tiredness and supply at higher level. Nifty may attempt to test recent high 17442 & 17515 level. Nifty support remains at 17024 & 16765.
- Banknifty: 200-DMA @ 36707 & 20-DMA @ 35270. Banknifty continue to remain in range with negative bias, Banknifty after yesterday’s move is in oversold zone rally going into final F&O expiry not ruled out.
- VIX @ 23.93: continue to trade above comfort level of 20, expect volatility to continue ahead of final F&O expiry and financial year end.
- SGX Nifty: indicate opening around 100 points up, first up may get sold into and real strength has to come from Banking stocks.
Stock Updates
- Tata Consumer: The company will consider preferential issue of equity shares representing 1.5% of the paid-up share capital to a foreign company on March 29.
- Gulshan Polyols: The company approved allotment of 24,16,000 equity shares to five QIBs at the issue price of Rs 326.48 per share (including a premium of 325.48 at the face value of Rs 1 per share) which is at a discount of 5% to the floor price of Rs 343.66 per share.
- Zen Technology: The company received a project order sanction from the Indian Army for design and development of a prototype of the Integrated Air Defence Combat Simulator. The equipment will help in imparting training to gunners at unit level.
- Lupin: The company has received approval from the United States Food and Drug Administration for Sildenafil for oral suspension, 10 mg/ml to market a generic equivalent of Revatio for oral suspension. The drug will be manufactured at company’s facility in Goa.
- NTPC: The company commissioned 42.5 MW of 100 MW Ramagundam Floating Solar PV Project in Telangana, taking the company’s total commercial capacity to 54,494.68 MW.
Disclaimer: The market view and updates we are sharing are true to the best of our knowledge and sharing just for information purpose and any action would be purely investor’s own responsibility. Investor are advised to take necessary guidance from certified adviser and hence we will not be responsible for any profit or loss incurred due it. We do not have PMS license and we are not recommending anything to buy or sell.
