| Indian Market | 7-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 17812.70 | 66.80 | 0.38% |
| Sensex | 59744.65 | 142.81 | 0.24% |
| Banknifty | 37739.60 | 249.35 | 0.67% |
| Indian Market | 7-Jan-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 31111.55 | 154.70 | 0.50% |
| Nifty Small-Cap 100 | 11492.90 | 42.80 | 0.37% |
| India VIX | 17.6025 | -0.38 | -2.09% |
| US Market | 7-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 36231.66 | -4.81 | -0.01% |
| S&P 500 | 4677.02 | -19.03 | -0.41% |
| Nasdaq | 14935.90 | -145 | -0.96% |
| Currency / Commodity | 7-Jan-22 |
|---|---|
| Indices | Current |
| USD/INR | 74.3475 |
| EUR/INR | 83.9980 |
| Dollar Index | 95.847 |
| US 10-year bond | 1.765% |
| WTI Crude Oil | $ 79.17 |
| Brent Crude Oil | $ 82.09 |
| Gold | $ 1793.90 |
| Bitcoin | $ 41,973 |
| FII / DII Activity | 7-Jan-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 496.27 | |
| DII | 115.56 |
Trade Setup
- On Friday, Indian market ended volatile trade with minor gain on last hour recovery. GRASIM, ONGC, HINDALCO & HDFCLIFE were top gainers while Bajaj twins, M&M, LT & TITAN saw some profit booking.
- US Jobs data which was released on Friday was mixed, unemployment rate fell below 4 came better then expected @ 3.9%. Addition to Non-farm employment change grew less than expected.
- Wall Street ended flat to negative as Technology stocks pull down Nasdaq by nearly a percent. Now US inflation data CPI & Core CPI to be released on Wednesday will be among another data to watch before US Fed meets on 27-Jan-22.
- SGX Nifty @ 17929.50 up 72.50 points at 8:25 AM.
Technical View
- Nifty high on Friday was at 17905 and low was 17704.55, formed DOJI pattern – closed around open. Today indicative opening will be above 17900 level, approaching near term top.
- Nifty RSI @ 61 & RSI average @ 57.04, indicating an upward movement. Nifty cross over 17944 will open upside to 18215 level.
- Banknifty could test 38213 & 38629 level, cross over this level could open significant upside. Near term support on Banknifty comes at 36950.
- VIX @ 17.60 above comfort level of 16 – indicate volatility to continue.
Stock Updates
- Reliance Industries: The company's wholly owned subsidiary Reliance Industrial Investments and Holdings Ltd. will acquire indirectly 73.37% equity stake in New York's Mandarin Oriental. It will acquire remaining stake if other owners participate at the same valuations.
- Sobha: The company reported Q3 sales volume of 1,322,684 square feet of super built-up area, an increase of 17% YoY. It was valued at Rs 1,048 crore, an 18% increase. It also reported the highest ever share of sale value of Rs 908 crore during the quarter, up by 34% YoY.
- Tata Steel: India crude steel production rose 1.5% sequentially in Q3; overall deliveries were lower by 4% QoQ as increase in domestic deliveries was offset by lower exports.
- Indostar: The CEO R. Sridhar has stepped down and Deep Jaggi, the chief business officer has now taken over as the CEO of the company.
- Tata Consultancy Services:Board will consider a proposal for buyback of equity shares on January 12, 2022.
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.