In global markets, Asian shares struggled after benchmark U.S. Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises. The surge in Treasury yields has also prompted a rise in government bond yields across the globe.
sensex
Sensex Slumps 550 points; Nifty Breaches 11,000; HDFC, Mahindra Top Losers
Gold Silver Reports (GSR) – Sensex Slumps 550 points – The BSE Sensex and the NSE Nifty 50 opened higher on Monday, but soon erased gains and fell over 1.5%, dragged down mainly by finance stocks such as HDFC and Indiabulls Housing Finance.
Technical Report – Nifty Crucial Storng Support ₹ 11,000 – Nifty’s Next Move – Neal Bhai
Gold Silver Reports — The index slip down around 480 points from its high of ₹ 11,346 to ₹ 10,866 and formed a Strong Bearish Candle on daily chart.
BSE Sensex Crashed 1500 points from day’s high, while the Nifty 50 breaches 11,000 Dragged by Finance Stocks
BSE Sensex crash as much as 1,495 points to 35,993.64 from day’s high of 37,489.24. DHFL stocks slumped over 50%. The Indian rupee has also trimmed its early gains to trade around the 72 mark.
BSE Sensex and NSE’s Nifty 50 erased all morning gains and plunged over 2% dragged by finance stocks after reports of DHFL defaulting on commerce papers.
Sensex Rises 300 Points, Nifty Reclaims 11,450 – Gold Silver Reports
The S&P BSE Sensex rose as much as 0.9 percent or 341 points to 38,059 and the NSE Nifty 50 Index climbed 1 percent or 115 points to 11,485.
A Smug India VIX Despite Jitters in Sensex, Nifty
In general, strong domestic fund inflows are keeping sentiment upbeat and complacency high. “At a broader level, there has been a high level of volatility in India. However, there has been a truncated rally in a few stocks in the Nifty index, which is keeping the index up,” said Dhananjay Sinha, head of research, economist and strategist, Emkay Global Financial Services.
Nifty Future Tips : Above ₹ 11622 only Buy Target 11676— 11705 – Neal Bhai Reports
Nifty Future Tips : Above ₹ 11622 only Buy Target 11676— 11705
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)