Bank Of England steps in to curb volatility, BOE will buy long dated securities to curb volatility in bond yield.
Wall Street ended around 2% higher on BOE steps in. US 10-year bond yield was down more than 25-bps from 4% to currently trading at 3.75%.
EU approves EURO 700 billion support to Italian company hit by war in Ukraine.
VIX @ 22.10: need cautious approach till VIX trading above 20.
Approach on Indices: SGX Nifty indicate gap-up opening on back of positive global cues. Initial gap-up opening may get sold into; we expect another round of short covering rally in 2nd half.
SGX Nifty @ 17040 up 151 points at 8:25 AM
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