from Asian markets is also positive.
SGX Nifty is up by .81% at around 9 a.m. Indian time. Profit booking may dominate early trading minutes.
This may cause the Indian markets to open in red.
dominated the session. Nasdaq was in full form, gaining over 335 points as technology stocks saw huge
buying interest. Bond yields closed near 2.92% as oil prices see rise in tandem with China reopening
expected to cause growth in demand for oil.
trade. Most Asian markets are in the green even as we head into the weekend as overnight US cues were
very positive. Chinese reopening will add to growth in the region as demand supply disruptions will get
sorted out.
of the day. Nifty ended the day up by over 105 points. It recovered 203 points from the morning low. Bank
Nifty however failed to recover and closed unchanged with large cap banks under selling pressure.
Reliance led the gainers, up over 3% followed by Bajaj Finserv, TCS and HCL Tech. Apollo Hospital,
HDFC and Auto stocks saw profit booking. Mid-caps were in fine shape with the Nifty midcap 100 gaining
nearly 0.70%.
Bank Nifty likely to support at around 35200 while 36200 is likely to act as resistance.
Target: 1882
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