The markets opened with a gap-down and remained in the negative territory for the rest of the day. The advance: decline indicated broad-based selling as 40 of the Nifty50 stocks closed in the red.
Among the Nifty sectoral indices, all indices except FMCG were down, with Media (-2.5%) and Realty (-2.5%) being the top losers. Nifty FMCG (+0.1%) was the only index to close with a marginal rise. Asian Markets and European Markets are deep RED except for UK market.US markets have started with a bullish jump.
We can see a lot of selling by FIIs in cash market. We see USD Index on hourly chart keeps on moving up pushing the indices down having touched high of 93.185 as of now. Crude Oil has risen again today. 5700 being a resistance markets may fall from there. We know Gold and Nifty have reverse relationship. Gold has fallen during the day and now fallen in the evening. At the same time SGX Nifty has risen. So one can track Gold Prices in MCX to know how NIFTY may act tomorrow.
Among the Nifty sectoral indices, all indices except FMCG were down, with Media (-2.5%) and Realty (-2.5%) being the top losers. Nifty FMCG (+0.1%) was the only index to close with a marginal rise. Asian Markets and European Markets are deep RED except for UK market.US markets have started with a bullish jump.
We can see a lot of selling by FIIs in cash market. We see USD Index on hourly chart keeps on moving up pushing the indices down having touched high of 93.185 as of now. Crude Oil has risen again today. 5700 being a resistance markets may fall from there. We know Gold and Nifty have reverse relationship. Gold has fallen during the day and now fallen in the evening. At the same time SGX Nifty has risen. So one can track Gold Prices in MCX to know how NIFTY may act tomorrow.
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