The GIFT Nifty’s trends suggest that the broader index will open muted on March 6 with a loss of 18 points, meaning that the benchmark Sensex and Nifty indices are expected to open flat.
How is the market closed?
On March 5, the Indian market indexes ended their four-day winning streak down due to erratic trading in information technology and FMCG stocks, as well as mixed global cues.The Nifty was down 49.30 points, or 0.22 percent, at 22,356.30, and the Sensex was down 195.16 points, or 0.26 percent, at 73,677.13 at the closing.
What does the pivot point calculator say?
According to the pivot point calculator, the Nifty is probably going to find immediate support at 22,291, then 22,256, then 22,200. Resistance on the higher end might be seen at 22,370, 22,439, and 22,495 levels.The GIFT Nifty’s trends show that the Indian stock market’s overall index has had a flat start, down 18 points or 0.08 percent. The 22,421.50 level was the trading range for the Nifty futures.US Exchanges
Tuesday’s market
Tuesday’s Wall Street stock market saw a severe decline, and as investors focused on impending economic data and central bank moves, gold and bitcoin reached record highs.
The S&P 500 lost 52.3 points, or 1.02 percent, to 5,078.65, the Nasdaq Composite slid 267.92 points, or 1.65 percent, to 15,939.59, and the Dow Jones Industrial Average plummeted 404.64 points, or 1.04 percent, to 38,585.19.
Markets in Asia
On Wednesday, the Kospi fell 0.5 percent and the Nikkei fell 0.3 percent, leading to lower trading in the Asian markets.
Bitcoin reaches a record high.
Due to investor money flowing into US spot exchange-traded crypto products and the possibility of a decline in global interest rates, Bitcoin reached a new high on Tuesday.The biggest cryptocurrency in the world reached an all-time high of $69,202, surpassing the $68,999.99 mark set in November 2021. Since the Securities and Exchange Commission approved 11 spot bitcoin ETFs in late January, investor interest has grown.
Up to 2% of Zomato may be sold by Ant Group arm in a block sale for Rs 2,800 crore.
According to sources who spoke with CNBC-Awaaz on March 5, Antfin Singapore Holdings Pte, the Chinese subsidiary of Ant Group, is anticipated to sell up to 2% of Zomato (17.64 crore shares) for Rs 2,800 crore in a block sale.According to the channel, the floor price for the block deal is set at Rs 159.4 per share, which is 4% less than the current market price of Zomato shares.
RBI forbids JM Financial from funding with shares and debentures, citing significant shortcomings.
With immediate effect, the Reserve Bank of India (RBI) on March 5 prohibited JM Financial Products Ltd (JMFPL) from providing loans secured by shares and debentures, including the approval and disbursement of loans secured by share initial public offerings (IPOs).
-Daisy