| Indian Market | 25-Mar-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 17153.00 | -69.75 | -0.40% |
| Sensex | 57362.20 | -233.48 | -0.41% |
| Banknifty | 35410.10 | -117.00 | -0.33% |
| Indian Market | 25-Mar-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 29274.55 | -33.80 | -0.12% |
| Nifty Small-Cap 100 | 10304.45 | -51.20 | -0.49% |
| India VIX | 23.43 | -0.50 | -2.09% |
| US Market | 25-Mar-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 34861.24 | 153.30 | 0.44% |
| S&P 500 | 4543.04 | 22.88 | 0.51% |
| Nasdaq | 14169.30 | -22.54 | -0.16% |
| Currency / Commodity | 25-Mar-22 |
|---|---|
| Indices | Current |
| USD/INR | 76.1950 |
| EUR/INR | 83.9560 |
| Dollar Index | 99.115 |
| US 10-year bond | 2.505% |
| WTI Crude Oil | $ 110.58 |
| Brent Crude Oil | $ 114.30 |
| Gold | $ 1947 |
| Bitcoin | $ 46,862 |
| FII / DII Activity | 25-Mar-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 1507.37 | |
| DII | 1373.02 |
Trade Setup
- China begins locking down most of its largest city, Shanghai, to begin mass testing its population of 26 million, reports AP
- Russia-Ukraine crisis enters 33rd day – any positive news on this front will be taken positively for market, on-going conflict with no other nation getting involved will remain market neutral.
- Indian market: focus will shift on final F&O expiry for March series and year end NAV management will keep downside limited.
- Petrol & Diesel prices hiked for sixth time in seven days: 30 paise / Litre in Petrol & 35 paise / Litre in Diesel.
- SGX Nifty @ 17212.50 up 21.50 points at 8:00 AM
Technical View
- Nifty: RSI @ 53.74 & RSI average @ 52.63. 200-DMA @ 17036 & 20-DMA @ 16717. We expect Nifty to trade with downward bias and likely to test lower level at 17036 & 16717 and resistance level on Nifty comes at 17339.
- Banknifty: took support near 20-DMA @ 35170 on Friday at 35203. Banknifty trading near important support level, below this Banknifty could test lower level at 34491 & 33940.
- VIX @ 23.43: have cooled-off around 30 level in 1st week of March, but still remain above comfort level of 20, we expect volatility to continue.
- SGX Nifty @ 17212.50: Indicate flat opening after last hour recovery on Friday, whether it was only limited to Friday or this trend can continue – opening hour trade will provide further cues.
- Nifty & Banknifty trend reversal: Nifty at 17285 & Banknifty at 35957 could act as resistance level and above this could open further upside.
Stock Updates
- PVR: The multiplex operator has approved a merger with Inox Leisure. Shareholders will get three shares of PVR for every ten shares they hold of Inox. PVR now operates the largest multiplex network in India with 871 screens at 181 properties in 73 cities (India and Sri Lanka).
- Vedanta: The board of Vedanta approved capital expenditure of $687 million in Cairn Oil & Gas to increase near-term volume. It earmarked a capex of $466 million towards Zinc International’s Gamsberg Phase 2 project. Further, it has set aside $348 million for an expansion project at its subsidiary ESL Steel.
- Larsen & Toubro: The Ministry of Defence has signed a contract with Larsen & Toubro for acquisition of two multipurpose vessels for Indian Navy at an overall cost of Rs 887 crore.
- Bharti Airtel: Bharti Airtel to buy 4.7% stake in Indus Towers for Rs 2,388.06 crore.
- Exide Industries: Exide Industries incorporated a wholly owned subsidiary, Exide Energy Solutions Ltd., to set up a a green field multi-gigawatt Lithium-ion cell manufacturing facility in India with an initial authorised and paid-up equity share capital of Rs 100,000.
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.