Stock Market Highlights
Investors worried that fast-paced interest rate rises to manage growing inflation would hinder global economic development, thus the major equity indexes on the BSE and National Stock Exchange (NSE) finished nearly 1.5 percent down on Friday, reflecting losses in the global market.
The S&P BSE Sensex declined 866.65 points (1.56%) to close at 54,835.58, while the Nifty 50 dropped 271.40 points (1.63%) to 16,411.25. Both indices had started the day with strong losses, with the Sensex falling to an intraday low of 54,586.75 and the wider Nifty falling to 16,340.90.
On the Sensex, Bajaj Finance was the day’s biggest loss, plunging roughly 5%. Axis Bank, Bajaj Finserv, Nestle India, Wipro, Infosys, Ultratech Cement, Housing Development Finance Corporation (HDFC), and HDFC Bank came in second and third, respectively. The biggest gainers, on the other hand, were Tech Mahindra, Power Grid Corporation of India, ITC, State Bank of India (SBI), NTPC, and Tata Steel.
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Data of FIIs & DIIs
In the Indian Equity Share Market, The available provisional data of the National Stock Exchange (NSE).
Share worth Rs. 5,517.08 Crore were Net sold by Foreign Institutional Investors (FIIs), whereas shares worth Rs. 3,014.85 Crore was the net bought by Domestic Institutional Investors (DIIs) on May6.
Nifty future levels in advance EP-367, last closed at 16,411.
Dekhlo, jo me bolta ho, market usko hi follow karta hai,
Or ye tuuka trading nhi, experience trading hota hai !!
Yes above 16547, will see sharp short recovering up to____ 16770____16830
Yes around_ 16870_______16970 go short, , its dead cat bounce only !!!
Yes below 16347, go short, lion heart trader can go short,
Any big fall or panic around_ 16170____16127 yes around- 16127________15970
Only think for buy @ lower level, we will not sell anything !!!
Bank Nifty future level in advanceEP-367, last closed at 34,591.
Yes above 34870, yes will see sharp short covering
Up to___ 35356_____35670
Yes mark my words if you see 35830_____36156, go short again @ top level,
Don’t think ki,mandi khatam ho gyi, its dead cat bounce only !!!
Below 34356 again lion heart trader can go short ,
Panic up to_ 33670_______33430
Yes around_ 33256__________32870, in panic only think for buy , we will not panic
@ lower level, between these range, no father will tell you this
Thing, openly saying,
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The main indexes on Wall Street continued to fall on Friday, as investors fretted that the Federal Reserve will have to raise interest rates more aggressively than planned to tackle inflation.
The Nasdaq, which is dominated by technology, closed at its lowest level since 2020, marking the worst losing run since the fourth quarter of 2012. The S&P 500 also lost for the fifth week in a row, the longest losing streak since the second quarter of 2011.
The Dow Jones Industrial Average sank 98.6 points, or 0.3 percent, to 32,899.37; the S&P 500 dropped 23.53 points, or 0.57 percent, to 4,123.34; and the Nasdaq Composite slid 173.03 points, or 1.4 percent, to 12,144.66.
On Monday, Asian markets got off to a rocky start as US stock futures fell early on fears about interest rates, while a tighter lockdown in Shanghai fueled anxieties about global economic growth and a possible recession.
The MSCI Asia-Pacific Index outside of Japan declined 0.3 percent, while Japan’s Nikkei sank 1.2 percent.
The wider index in India opened gap-down with a loss of 204 points, according to SGX Nifty trends. On the Singaporean market, the Nifty futures were trading at 16,215 levels.
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