Indian stock SENSEX surges in morning trading
US recession concerns kept investors away from risk assets, and Indian stocks, which fell 2.7% the day before, rose 859 points (1.1%) to $79,619 shortly after the start of trading on Tuesday.
BSE Sensex followed the rise of its Asian peers in response to the fact that statements from senior US central bank officials eased investors' anxiety. Nifty 50 rose 1.1 percent to surpass 24,300, mainly due to rising real estate, tech, and metals.
The BSE small and medium cap index rose 1 to 2%. Real estate, PSU banks, oil and gas, automobiles, IT, media, and metals rose 1-3%.
Traders' attention has turned to the RBI interest rate hike decision to be made on Thursday, and the market anticipates that the policy interest rate report, which is an indicator, will remain unchanged at 6.5% for 9 consecutive meetings.
While small and medium-sized stocks are also boosting the index, traders, such as Tata Power and Bajaj Electricals, are refraining from announcing financial results for the first quarter towards the end of the financial season.
Early rising stocks include Tech Mahindra (2.8%), Adani Enterprises (2.7%), and Tata Motors (2.7%).
However, investors are preparing to release China trade statistics and inflation rates for July on Wednesday and Friday.
It suggests that there is a possibility that Nifty 50 will continue its downward trend towards 23,800 and then 23,600 in the future. In the event of a backlash, resistance is likely to be around 24,400.
As of 15:00, it remained flat at 24,231.80 (+0.74%).
Bank Nifty may try to protect 49,500 if further adjustments are made, and resistance can be seen in the 50,700 to 51,000 zone.
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ピンハネ : HiIt looks like it's going to rise tonight
乱空 OP ピンハネ : That's right
I'm looking at whether today and tomorrow can be raised and dropped again according to the number of unemployment insurance claims on Thursday...
So, I'm thinking about accelerating towards next week's bottom due to retaliatory action around Friday or Saturday
ピンハネ 乱空 OP : It's going to close to 115 today and tomorrow, and I'm predicting a drop to around 100 on FridayI'm also interested in Iran and Israel
乱空 OP ピンハネ : Can we get to around 115?
I was watching if I was 111 and I could go from 112th to 114th
it wouldn't be possible for Iran without retaliation...
ピンハネ 乱空 OP : According to the analysis, it is predicted that it will push up to 112.91, but I have a strong feeling that 115 will goThe probability of a breakdown to 88.52 is also high, so if you're not careful, you'll get a big burn
乱空 OP ピンハネ : it's complicated between the feeling of wanting it up and the feeling of wanting it to be read correctly lol
As for bottoms, maybe they'll go fill in the 86 and 87 windows in May? I'm worried
ピンハネ 乱空 OP : If it is not maintained above 105.06 at least, the forecast for a fall to the 80 zone will not disappearFrom a technical point of view, maybe it's better to fall to the 80 zone early so you don't have to get stressed
乱空 OP ピンハネ : That's right
Honestly, once you drop it that far, I think you can honestly ride it up towards the end