Image credits: The Indian Express
According to live updates on money-control the stocks shares are showing increase and decrease as per market changing price.
Latest report by Abhishek Chinchalkar, CMT Charterholder and Head of Education, FYERS said:
After opening the session on a positive note, Indian markets have cut off all the opening gains and came under strong selling pressure. The sell-off was seen across different sectors, in which metal stocks being one of the worst hit. The hints from the Federal Reserve are that it could hike interest rates from 2023 have put world markets and commodities under stress and while the dollar has strengthened sharply. With global risk sentiment deteriorating, further selling in the short-term cannot be included as markets price- seen in Fed’s surprising shift in policy stance.
And Nifty briefly broke the 20-day moving average of 15596 today, but has recovered off lows. The index has not closed below the 20-DMA for overflow a month. Hence, this is often the immediate support to observe out for. A closing below the 20-DMA could lead on to a short-term correction towards 15200-15100 within the days ahead.
After FYERS, the Head Of Research- Currency, Emkay Global Financial Services Mr. Rahul Gupta said: The USDINR spot is at an inflection point, though optimism over Fed rate hikes is keeping the USDINR afloat, the worth activity suggest that revaluation of positioning is currently happening . Today’s weekly closing are going to be important for more clear direction for USDINR in coming days. Sustenance above 74.25 will open doors for 74.50-74.65. If it gives weekly closing near or below 74.0 today then we will see the pair to witness a dip towards 73.90-73.65 and consistent trading below 73.65 will lead the pair towards 73.50/73.45.
According to the 3pm Reports on Moneycontrol: Benchmark indices erases most of the intraday losses but still trading lower with Nifty above 15600 and the Sensex was down 158.26 points or 0.30% at 52165.07, and the Nifty was down 51.70 points or 0.33% at 15639.70. About 929 shares have advanced, 2018 shares declined, and 111 shares are unchanged.
ONGC, Coal India, Power Grid Corp, JSW Steel and UPL were among major losers on the Nifty, while top gainers included Adani Ports, HUL, Bajaj Auto, Bajaj Finserv and HDFC Life.