Last Update: January 06, 2023, 09:25 IST
FILE PHOTO: A man looks across the street at a screen displaying the Sensex on the façade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. Reuters/Danish Siddiqui
Sensex Today: Domestic markets opened volatile in Friday’s trade amid weak global cues and higher crude oil prices.
Sensex Today: Domestic markets opened on a volatile note on Friday amid weak global cues and higher crude oil prices. The Sensex is up 77.23 points or 0.13% at 60,430.50. smelly is up 24.60 points or 0.14% at 18,016.80. Hawkish minutes of the US Federal Reserve’s latest policy meeting, coupled with a strong US jobs report, have reignited fears that the Fed will remain steadfast on its path of monetary policy tightening in 2023.
Bank Nifty rallied over 300 points from Thursday’s low. Yesterday’s low of 42,298 is now considered a sacred support level. On the upside, 42,800 will now act as resistance. Tracking the price action in ICICI Bank will be important. If ICICI Bank falls below its 200 day moving average, it may be an indication that Bank Nifty may fall further.
global signal
Global markets showed mixed signals with major indices in Asia, including Nikkei and Kospi, trading up to 0.3 per cent higher.
However, overnight, Wall Street closed lower after a day’s gap, with the S&P 500 down 1.16 percent; Dow Jones 1 per cent; and the Nasdaq Composite 1.47 per cent.
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