Against such backdrop one can expect that the present rally to extend further immediately towards 18100-18150 levels. The trendline resistance adjoining the highs of Oct’21, Jan’22 and Apr’22 has been breached and is trading comfortably above it. Tirthankar Das, technical & derivative analyst, retail, Ashika Stock Broking Ltd.: On the technical front, Nifty formed a small positive candle on the daily chart and is close to challenge the life time high. , 10:06:20 AM IST Angel One and Ashika Stock Broking views on Nifty Traders remain worried about a global economic slowdown and the pace of interest rate hikes by various central banks.

The Nikkei 225 index inched down 0.04%.Įuropean stock indexes fell on Friday after German producer prices saw their biggest rise on record.

Tokyo's benchmark Nikkei index closed nearly flat on Friday, with investors gravitating towards profit-taking but also cheered by a weaker yen. Shanghai Composite Index closed the day 0.6% down, while Hang Seng closed flat with a gain of around 0.05%. However, real estate shined on expectations that authorities would support the sector. Chinese stocks had a mixed day on Friday as concerns over rising COVID-19 cases and a sluggish economic recovery lingered. Other markets in Asia also remained cautious. Bajaj Twins, SBI Bank and Tata Steel also featured among of stocks that sank today. On the red side, IndusInd Bank slipped 4%. L&T, Infosys and TCS also ended in the green. IT index though ended flat.Īdani Ports shined on an otherwise depressing day and surged more than 4%. Nifty slipped almost 200 points to close at 17,758.Īlmost all indices ended in red with Pharma, Health Sector, Realty and Autos leading the race to the bottom. Sensex slipped below the psychological mark of 60,000 and ended the week at 59,646, down 651 points.

Indian benchmark indices snapped the green run on Friday and lost more than a percentage. , 03:46:18 PM IST Sensex ends below 59,600, and Nifty around 17,750, ceding more than a per cent.

Farming usa 2 time lapse