Stock Market Update for 02/02/2023

Stock Market Update for 02/02/2023


Yesterday our finance minister had presented union budget. In that she had covered agriculture, employment, green growth, youth and the financial sector. We can see the budget in our learn with me series. For stock traders there no good or bad news. Yesterday Market took upside after the budget after 1PM Nifty started falling and banking sectors also started falling this all dude to Adani Stock. Though Both Foreign Instutions and Domestic Institutions has been net buyers. They have bought nearly 1800cr and 520cr. Yesterday after Fed chairman announce the quatre percent hike in interest rate to control the inflation US Market started recover and ended in green Nasdaq gained More than 2%, S&P 500 gained more than 1%, Dow Jones close flat. Today Nifty Futures and SGX Nifty are indicating a gap down. Today is weekly expiry so market will have huge volatile. Anything may happen in today's market wait and take the positions.

Index

Close

Open

High

Low

Nifty50

17,616.30

17,811.60

17,972.20

17,353.40

Sensex

59,708.08

60,001.17

60,773.44

58,816.84

Bank Nifty

40,513.00

41,115.00

42,015.65

39,490.50

Dow Jones

34,092.96

34,039.60

34,334.70

33,581.42

S&P 500

4,119.21

4,063.85

4,148.95

4,037.20

Nasdaq

11,816.32

11,573.14

11,904.02

11,500.33


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