Category: Blogs
Market Outlook
.
US stock indices closed almost flat in Thursdays trading but witnessed turbulence for the second day driven by stronger than expected US inflation. S&P 500 closed 0.13% lower, Nasdaq closed just above flat line while the Dow Jones lost 0.33%.

US dollar index moved higher crossing 20 year resistance of 104 to trade near 104.75, Cboe Vix declined marginally below 32, US 10 year came off sharply below 2.85% in a flight to safety move.

Crude futures traded flat with small upward bias, WTI moved near 107, Brent near 108.

Indian markets continued to struggle as worries over Chinese slow down and higher inflation coupled with global market weakness took indices to multi-week lows. Nifty barely managed to close above 15800 and Sensex lost close to 1150 points. Most sectors ended in red in as indices lost in excess of 2.00%.

Higher than expected inflation print, breakout move in dollar index and worries over margin pressure in corporate earnings may cause stocks to continue to trade with tentative bias. Some early signs of stabilization in troubled US markets (though elevated vix makes it difficult) and oversold nature of stocks make a perfect case for a relief rally / dead cat bounce, even though the same remains elusive. Watch for support near 2022 low of 15671-15750 zone for a counter trend move towards 16200 and opportunities in highly oversold names in IT, Banks and Autos.

(all prices mentioned above are as on 4.49 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."
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.