Stock Market Update for 18/01/2023

Stock Market Update for 18/01/2023

Yesterday Nifty had closed above 18050 it was a huge rally Nifty started with a gap up and keeps on rising after 10:30 A.M Nifty started falling at 1:30 P.M Nifty recovered and breaks the previous day high and closed. Good news is yesterday both Foreign Institutions and Domestic Institutionss are net buyers they bought nearly 200cr and 90 cr. This was not huge but good one is FIIs turns from selling to buying. But we need to watch carefully because they can turn net sellers any time. If Nifty break resistance level near 18150 then it will go higher. Yesterday US Markets had huge rally Dow jones had fell more than 1%, S&P 500 ended in red, and Nasdaq ended in green. Today Global trend is good so our market may take up trend. If FIIs continuous to buy and corporate results are good, then our market will be bullish. If anything goes wrong, then our market will fall. Hope everything goes well. As Dow Jones fell 1%, we need to concentrate on banking sectors.

Index	Close	Open	High	Low
Nifty50	18,053.30	17,922.80	18,072.05	17,886.95
Sensex	60,655.72	60,142.08	60,704.48	60,072.34
Bank Nifty	42,235.05	42,241.20	42,383.80	41,861.10
Dow Jones	33,910.85	34,222.32	34,269.97	33,860.67
S&P 500	3,990.97	3,999.28	4,015.39	3,984.57
Nasdaq	11,095.11	11,070.00	11,145.44	11,024.72