Friday, June 23, 2023

MARKET OUTLOOK OF 23 JUN 2023

 TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Equity benchmarks Sensex and Nifty buckled under selling pressure for the second straight session on Friday as a bearish trend in global equities and concerns over rate hikes by central banks unnerved investors. The stock market looked like a sea of red on Friday as selling was witnessed across the board. Investor sentiment was impacted by the global central banks' hawkish stance. Adani Group stocks tumbled. At close, the S&P BSE Sensex stood at 62,979.37, down 260 points while the NSE's Nifty ended at 18,665.50, down 106 points,Besides, selling pressure in index majors Reliance Industries, Infosys and L&T also dragged the benchmark indices lower, traders said. However, the domestic market is not expected to experience a significant correction due to favorable domestic economic indicators and correction in international commodities prices to sustain earnings growth on a QoQ basis.Tata Motors was the biggest loser in the Sensex pack, skidding 1.77 per cent, followed by SBI, Power Grid, Tata Steel, Infosys, UltraTech Cement, Titan, Larsen & Toubro, Reliance Industries and Maruti. On the other hand, IndusInd Bank, Bharti Airtel, Asian Paints, NTPC, HCL Technologies, HDFC and Sun Pharma were the gainers.

The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Resistance:  18750, 18850, 19900  

Support: 18650, 18550, 18450

 

No comments:

Post a Comment