Category: Blogs
Market Outlook
.
US stock market rout continued as the slide showed no signs of reversal. Stocks fell to new lows of 2022. The S&P 500 dropped more than 3% and ended at its lowest level since March 2021, closing below 4,000. Nasdaq Composite dropped by 4.3% as technology stocks came under renewed pressure. The Dow shed 2.00%, taking all the three majors to fresh 52 week lows.

US dollar index traded marginally lower near 103.77, Cboe Vix moved higher near 34.75, 10 year dropped near 3.03%.

Crude prices moved sharply lower as Saudi cuts OSPs, hurdles to Russian oil ban and worries over global growth emerged. WTI dropped to 102 and Brent to 105, a cut of almost 7%.

Indian markets continued its slide on Monday led by heavyweights like RIL that dropped almost 4% taking indices lower by almost 0.67% . Metals, BFSI and Power stocks also saw cuts. IT names showed some stability in an otherwise falling market. Nifty closed near 16300, Sensex below 54500.

Global market weakness may continue to put pressure on stocks at the open and Nifty may head towards psychological support of 16000 (or towards recent lows near 15700) over next few sessions. The only saving grace for the market in near term is the oversold nature of stocks that may trigger a counter trend rally any moment from indicative support zones. Participants may continue to remain watchful, avoid going short at current levels and wait for a rebound to reduce positions. The next few months may continue to remain challenging for the stocks as markets starts to price in new growth-inflation dynamics and central banks reset on the same.

(All prices mentioned above are as on 4.59 am IST)
Watch this space for more insights on Personal Finance
Leave a Reply
ATTENTION INVESTORS:
• Investor Charter : Annexure A – Stock Broker | Annexure A – Research Analyst (RA) | Annexure A – DP | Annexure B - DP • || • Advisory for KYC updation • || • Advisory for Investors • || • Investor Awareness regarding the revised guidelines on Margin Collection • || • Link your Aadhar number with us here. • || • IPO Subscription: " UPI Mechanism is Compulsory for Retail Investors, No Cheque Required. No worries for refund as the money remains in investor's account." • || • Prevent Unauthorized Transactions in your Demat Account remains in investor's account." • || • Prevent Unauthorized Transactions in your Demat Account- Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile number for all debit and other important transactions in your demat account directly from CDSL on the same day. “ISSUED IN THE INTEREST OF INVESTORS” "Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day . Issued in the interest of Investors."
Products & Services | Global Investing | Research | Downloads | FAQs | Careers | Blogs | Media Center |
Site Map | Disclaimer | Privacy Policy | Investor Grievances | BSE | NSE | CDSL | AMFI | SCORES | SEBI
Registered Office : Sushil Financial Services Private Limited., 12, Homji Street Fort Mumbai-400 001 • Tel. No. +91-22-40936000 • Fax No. +91-22-22665758 • Email: info@sushilfinance.com

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Receive alerts on your Registered Mobile number for all debit and other important transactions in your demat account directly from CDSL on the same day. Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.
Sushil Financial Services Private Limited - Member : BSE/ NSE. SEBI Registration No. - INZ000165135. Depository Participant (CDSL) SEBI Registration No.- IN-DP-504-2020. Research Analyst SEBI Registration No.- INH000000867. Distributor of Mutual funds and IPO - ARN No.77875. Sushil Capital Private Limited - NBFC No. N -13.01901
© 2022 Sushil Finance. All rights reserved.