February 23, 2023 / 16:09 IST
Rupak De, Senior Technical Analyst at LKP Securities
The benchmark Nifty remained volatile on the last day of February's F&O expiry. During the day, Nifty managed to hold above the morning low of 17455. Going ahead, the low of 17455 is likely to act as immediate support for the falling Nifty. A decisive fall below 17450 may trigger the resumption of the fall. In that case, it may fall down towards 17200–17150. However, failure to break down may induce a recovery towards 17750–17850, where the upper band of the falling channel lies.
February 23, 2023 / 16:05 IST
Kunal Shah, Senior Technical Analyst at LKP Securities
The BANK NIFTY index after 5 days of brutal selling witnessed some buying from the lower level and formed a long-legged doji candle. The index if it manages to hold today's low can witness a recovery towards 40,500 levels. The index immediate hurdle is at 40,200 above which can witness a short covering move. The index downside support stands at 39,500 and if breached will aggravate the selling pressure.
February 23, 2023 / 16:03 IST
Vinod Nair, Head of Research at Geojit Financial Services
The equity market traded cautiously between gains and losses as the minutes of the central bank policy meeting revealed concerns over high inflation and its commitment to bring inflation under control. In response to the heightened fears of rate hikes, the US 10 yr treasury yield continued to stay high, near 4%. Additionally, the dollar index rose as the greenback cheered over hawkish Fed comments and rising geopolitical tensions.
February 23, 2023 / 15:50 IST
Rupee at close | Rupee ends at 82.73/$ against Wednesday’s close of 82.85/$
February 23, 2023 / 15:37 IST
Markets at close
Sensex closed 139.18 points lower at 59,605.80. Nifty closed 43 points lower at 17,511.30. About 1570 shares advanced, 1776 shares declined, and 152 shares were unchanged.
February 23, 2023 / 15:32 IST
Mahindra Lifespaces | Arvind Subramanian resigns as MD & CEO; Amit Kumar Sinha appointed MD & CEO from May 23
February 23, 2023 / 15:29 IST
SCI confirms receiving MCA order for demerger of non-core assets
February 23, 2023 / 15:08 IST
Infosys collaborates with Microsoft to accelerate industry adoption of cloud
February 23, 2023 / 15:00 IST
Zee files an appeal in NCLAT, seeking relief against NCLT order; stock off day's low
-Taking all necessary steps as per law, to protect interests of all stakeholders
-Taking all necessary steps to achieve timely completion of Sony merger
-Firmly believe that merger will deliver immense value to all stakeholders
February 23, 2023 / 14:55 IST
Sources on Spicejet | Carlyle likely to convert its $100 million debt into a 5% stake in the airline
-Carlyle to likely convert its dues into CCDs in Spicexpress
-If Spicejet board agrees on debt conversion, Spicexpress will be valued at over $1 bn
-Carlyle converting its debt into equity will help Spicejet reduce debt
Source: CNBC-TV18
February 23, 2023 / 14:41 IST
February 23, 2023 / 14:40 IST
ITC slips slightly after touching all-time high of Rs 394
February 23, 2023 / 14:32 IST
Top Stock Losers (Intra-day)
