For Monday March 27, 2023
US markets closed higher recovering from opening losses as regional banks recovered. Markets shrugged off the fears on banks and started moving higher to close well in the green. Dow gained 0.41%, S&P added 0.56% and Nasdaq closed 0.31% higher.
USD index moved slightly higher near 103.12, 10 year moved down near 3.37, cboe vix also closed down near 21.74.
Crude futures traded flat with small downward bias, WTI traded near 69, Brent near 73.
Indian stocks ended lower for the second day in a row led by BFSI and Oil & Gas names. Sensex lost 398 points and Nifty closed below 16950.
*Markets may stage some recovery on global sentiments, however fiscal year end consideration and developing inflow of news may limit upside for stock for immediate term. Participants may continue to look at rotational opportunities for the upcoming week and may limit exposure for the near term.*
(as on 8.08 am IST)
By: via Telegram.me/AlliesFin #StockMarket #india
