| Indian Market | 10-Mar-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 16615.90 | 270.55 | 1.66% |
| Sensex | 55545.57 | 898.24 | 1.64% |
| Banknifty | 34542.50 | 727.05 | 2.15% |
| Indian Market | 10-Mar-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 28038.70 | 253.20 | 0.91% |
| Nifty Small-Cap 100 | 10066.50 | 138.85 | 1.40% |
| India VIX | 25.58 | -1.89 | -6.88% |
| US Market | 10-Mar-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 33174.07 | -112.18 | -0.34% |
| S&P 500 | 4259.20 | -18.36 | -0.43% |
| Nasdaq | 13129.96 | -125.58 | -0.95% |
| Currency / Commodity | 10-Mar-22 |
|---|---|
| Indices | Current |
| USD/INR | 76.38 |
| EUR/INR | 84.3620 |
| Dollar Index | 98.517 |
| US 10-year bond | 1.967% |
| WTI Crude Oil | $ 106.02 |
| Brent Crude Oil | $ 108.95 |
| Gold | $ 1999.90 |
| Bitcoin | $ 38,426 |
| FII / DII Activity | 10-Mar-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 1981.15 | |
| DII | 945.71 |
Trade Setup
- Indian market had huge gap-up on news of Russia-Ukraine looking towards diplomatic solution and election result in 5 state assembly election. Indian market ended off from day’s high on a weekly options expiry day. Nifty gained 1.66% & Banknifty was up 2.15%.
- Russia-Ukraine foreign minister’s press conference after the talk in Turkey – failed to reach on any solution or ceasefire, Military operation continues on 15th day.
- US CPI & Core CPI data came at 4-decade high, in line with expectation, US 10-year bond yield crossed 2.00% mark and current trading below this level.
- Crude Oil & metal and other commodity cooled-off after initial reaction on Russia-Ukraine talk ended inconclusive.
- SGX Nifty @ 16514.50 down 55.50 points at 8:25 AM.
Technical View
- Nifty witness V-shape recovery and tested around 16750 level high made yesterday and on 28-Feb-22 after initial recovery from news first came on 24-Feb-22.
- Nifty 200-DMA now @ 16959, now it will be important to watch whether market continues its lower top / lower bottom formation or not?
- Banknifty gave a surprise move yesterday, Banknifty 200-DMA comes at 36686 – around 2000 points away from current level.
- VIX @ 25.50, cooled-off from high, but still trading at elevated level.
- Market had been reacting to geo-political news flow and now market is not getting knee-jerk reaction on news from this end. Technical setup indicates – market recovered from oversold zone and now trading in range it could go either way. US FOMC meeting event is a key event to watch out for.
Stock Updates
- Wipro: The company has announced a long-term partnership with Pandorum Technologies for development of technologies that shorten time-to-market and maximise patient outcome during R&D and clinical trials of regenerative medicine.
- Indraprastha Gas: Received a letter of intent from the Petroleum and Natural Gas Regulatory Board for for development of CGD network in Banda, Chitrakoot and Mahoba in Uttar Pradesh.
- Infosys: Announced a multi-year transformational collaboration with International Tennis Hall of Fame, making the company ITHF’s official digital innovation partner and title sponsor of the annual ATP Tour tournament — the Infosys Hall of Fame Open.
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.