| Indian Market | 10-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 18003.30 | 190.60 | 1.07% |
| Sensex | 60395.63 | 650.98 | 1.09% |
| Banknifty | 38347.90 | 608.30 | 1.61% |
| Indian Market | 10-Jan-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 31371.65 | 260.10 | 0.84% |
| Nifty Small-Cap 100 | 11640.15 | 147.25 | 1.28% |
| India VIX | 17.68 | 0.07 | 0.43% |
| US Market | 10-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 36068.87 | -162.79 | -0.45% |
| S&P 500 | 4670.29 | -6.74 | -0.14% |
| Nasdaq | 14942.80 | 6.90 | 0.05% |
| Currency / Commodity | 10-Jan-22 |
|---|---|
| Indices | Current |
| USD/INR | 74.0525 |
| EUR/INR | 83.9280 |
| Dollar Index | 95.8750 |
| US 10-year bond | 1.764% |
| WTI Crude Oil | $ 78.88 |
| Brent Crude Oil | $ 81.43 |
| Gold | $ 1804.95 |
| Bitcoin | $ 42,136 |
| FII / DII Activity | 10-Jan-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 124.23 | |
| DII | 481.55 |
Trade Setup
- Nifty closed at 18000 and BSE Sensex above 60000 level, Indices recorded around 10% gain from the recent lows made on 20-Dec-21 ahead of result season which begins on Wednesday.
- Wall Street was down in opening session on back of US 10-year yield testing 1.80% raising fear of US Fed could raise interest rate 4 times in 2022, US market recovered in 2nd half on back of technology stocks as Nasdaq turned flat.
- US Fed chairman J Powell today testifies to Senate Banking Committee, today’s testimony could provide further cues about US Fed’s next step in upcoming FOMC meeting on 27-Jan-22.
- SGX Nifty @ 18003.50 down 44 points at 8:35 AM.
Technical View
- Nifty closing above 17944 is fresh breakout and next target on Nifty comes at 18215. Now 17944 could act as near-term support level 17704 as major support level.
- Nifty RSI @ 64.77 & RSI average @ 58.58. Consolidation from current level could be healthy and buying opportunity.
- Banknifty 100-DMA @ 37325 remains major support with potential upside target of 38981. In last 6 trading session in 2022 Banknifty has risen 2800 points and 4300 points from December lows.
- VIX @ 17.68 continues to remain high. Nifty PCR @ 1.45 remains slightly towards positive side.
Stock Updates
- One97 Communications: The company disbursed loans worth Rs 2,180 crore in October-December quarter, up 73% QoQ. Gross merchandise value for Q3 stood at Rs 2.5 lakh crore, up 28% QoQ. Average monthly transacting users rose to 6.44 crore in Q3, up 12.5% QoQ. The company also deployed over 20 lakh devices in Q3, up 54% QoQ.
- Mindspace Business Parks REIT: Blackstone exited Mindspace Business Parks REIT by selling its stake to the Abu Dhabi Investment Authority, Moneycontrol reported, citing sources. The deal was struck for about $240 million, according to the report.
- Axis Bank: Approves re-appointment of Rajiv Anand as deputy MD for 3 years.
- Fortis Healthcare: A suit has been filed against the company along with others by Emqore Envesecure alleging copyright infringement, tortious interference with contracts, etc. and has claimed damages more than $6.5 billion from all defendants.
- Brookfield India Infrastructure: The company has called an Extraordinary General Meeting on Jan. 10 to consider proposal to borrow and create charge on assets, approve preferential issue of upto 52,87,01,04 units.
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.