Wall Street ended with 0.85% to 1.11% cut on indices as recession fear continues to drag market lower. Reaction to ECB ‘s comment which was hawkish weighs on market.
Advance tax collection rises to 13% to 5.21 lakh crores till 17-Dec-22, Gross direct tax collection increases 26.9%.
Accenture Plc result on Friday, steady set of numbers, maintain cautious stand on demand outlook.
RBI data: Credit growth @ 17.5% & Deposit growth @ 9.9%.
VIX @ 14.07: towards 15 – 16 level.
Approach on Indices: Friday’s closing was weak, which could open further downside to Nifty @ 18133 & Banknifty @ 42937. We expect market would remain under pressure.
SGX Nifty @ 18355.50 up 37.50 points at 8:30 AM
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