| Indian Market | 23-Dec-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 17072.60 | 117.15 | 0.69% |
| Sensex | 57315.28 | 384.72 | 0.68% |
| Banknifty | 35191.15 | 161.65 | 0.46% |
| Indian Market | 23-Dec-21 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 29927.30 | 268.20 | 0.90% |
| Nifty Small-Cap 100 | 10905.90 | 137.00 | 1.27% |
| India VIX | 15.83 | -0.76 | -4.55% |
| US Market | 23-Dec-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 35950.56 | 196.67 | 0.55% |
| S&P 500 | 4725.78 | 29.23 | 0.62% |
| Nasdaq | 15653.40 | 131.50 | 0.85% |
| Currency / Commodity | 23-Dec-21 |
|---|---|
| Indices | Current |
| USD/INR | 75.2225 |
| EUR/INR | 85.1650 |
| Dollar Index | 96.035 |
| US 10-year bond | 1.493% |
| WTI Crude Oil | $ 73.72 |
| Brent Crude Oil | $ 75.52 |
| Gold | $ 1810 |
| Bitcoin | $ 50,990 |
| FII / DII Activity | 23-Dec-21 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 272 | |
| DII | 1196 |
Trade Setup
- Indian market gained around 0.4 – 0.7 percent on Indices on weekly options expiry day. Beaten down PSU stocks witness some buying interest as POWERGRID, IOC & ONGC were top Nifty gainers.
- Wall Street gained as OMICRON fear fades giving risk on sentiment boost as, DOW30 is down just under 2 % & Nasdaq around 4% from recent high. S&P500 closed at fresh high.
- Asian market took cues from Wall Street and are trading in positive territory, SGX Nifty indicating gap-up opening of around 80 -100 points. Crude Oil back around $75 level.
- SGX Nifty @ 17146.50 up 74.50 points at 8:40 AM.
Technical View
- Nifty 20-DMA at 17148 would act as first resistance level for Nifty and 100-DMA comes at 17363, where as immediate support level is at 16872.
- Nifty RSI @ 45.13 & RSI Average @ 41.61 – early sign of bullish indication.
- Banknifty 200-DMA @ 35720 could act as resistance level. Banknifty RSI @ 36.57 & RSI average @ 36.13.
Stock Updates
- L&T Finance Holdings: Company to sell its mutual fund business L&T Investment Management to HSBC AMC for $425 million.
- Adani Enterprises: Incorporates wholly-owned subsidiary names Adani Data Networks Ltd.
- United Breweries: NCLAT stays CCI order imposing a penalty of Rs 751.8 crore upon a condition of pre-deposit of 10% of the penalty amount.
- Ajanta Pharma: Board of directors to meet on Dec. 28 to consider a proposal for buyback of equity shares of face value of Rs 2 each.
- Ircon International: Incorporated ‘Ircon Akloli-Shirsad Expressway Ltd.’ on Dec. 23 as a special purpose vehicle for the purpose of construction of an eight lane access controlled expressway from Akloli to Shirsad.
- Prestige Group, L&T: Prestige Group signed a civil contract worth Rs 1,560 crore excluding GST with Larsen and Toubro for construction of buildings and infrastructure development at the Prestige City, Bengaluru.
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.
