| Indian Market | 8-Mar-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 16013.45 | 150.30 | 0.95% |
| Sensex | 53424.09 | 581.34 | 1.10% |
| Banknifty | 33158.10 | 286.85 | 0.87% |
| Indian Market | 8-Mar-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 27198.55 | 332.65 | 1.24% |
| Nifty Small-Cap 100 | 9696.80 | 144.20 | 1.51% |
| India VIX | 28.59 | -0.74 | -2.52% |
| US Market | 8-Mar-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 32632.64 | -184.74 | -0.56% |
| S&P 500 | 4170.62 | -30.47 | -0.73% |
| Nasdaq | 12795.55 | -35.41 | -0.28% |
| Currency / Commodity | 8-Mar-22 |
|---|---|
| Indices | Current |
| USD/INR | 76.98 |
| EUR/INR | 83.8440 |
| Dollar Index | 99.050 |
| US 10-year bond | 1.847% |
| WTI Crude Oil | $ 125.74 |
| Brent Crude Oil | $ 130.55 |
| Gold | $ 2053.40 |
| Bitcoin | $ 39,223 |
| FII / DII Activity | 8-Mar-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 8142.60 | |
| DII | 6489.59 |
Trade Setup
- Indian market recovered from lows, Nifty below 15700 to close around 16000 level from oversold zone. Banknifty continues to underperform.
- US bans import of Russian Oil, UK also ban import of Russian import. However, no decision is taken on Natural gas. Not all European nations are keen on putting ban on import of Crude Oil & Natural gas – as Europe is much dependent on low-cost import from Russia.
- Wall street ended the volatile session with minor cuts, as Ukraine president in an interview told – he is not long interested in NATO membership.
- Russia-Ukraine crisis enters 14th day. Crude Oil at fresh high after oil import ban from Russia. Gold comfortably above $2000 mark, now trading at fresh life time high.
- SGX Nifty @ 15933.50 down 8 points at 8:25 AM.
Technical View
- Nifty holding on to level of 15743 on closing basis given hope of bounce back, Nifty however had broken this level on intraday basis.
- Nifty continue to trade near oversold zone, Nifty important support level at 15743 and resistance at 16391 & 16810 level.
- Banknifty important support level at 31502 and resistance level at 34309. Banknifty continue to trade near oversold zone.
- VIX @ 28.59, continue to trade at elevated level. Recovery from oversold zone started in 2nd half yesterday is expected to continue and indices may test higher level.
Stock Updates
- Dish TV: The company has disclosed the results of its annual general meeting held on Dec. 30, after SEBI's order directing it to do so. All three resolutions put to shareholder vote by the company have been defeated, according to its exchange filing.
- Zydus Lifesciences: Subsidiaries entynl Therapeutics and BridgeBio Pharma executed an asset purchase agreement for sale of BridgeBio’s Nulibry (Fosdenopterin) for injection. Nulibry is approved by the U.S. Food and Drug Administration.
- Bharat Forge: Subsidiary Kalyani Strategic Systems has incorporated Sagar-Manas Technologies, a joint venture with Open Joint Stock Company Dastan Transnational for upgradation and manufacturing/ providing solutions for marine and defense products.
- ISGEC: The company received order from Shree Cement for cement waste heat recovery boilers for their 3.8 MTPA clinker capacity, integrated cement plant in Nawalgarh, Rajasthan. The scope of work includes designing, manufacturing, and supplying of PH Boiler in the pre-heater exhaust and AQC boiler in the cooler exhaust.
- Brookfield India: The company has approved allotment of 52,800,000 units at an Issue price of Rs 110.46 per unit to Westwood Business Consultancy. The transaction is part of its Space Teleinfra deal.
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.