Stock Market Update for 03/02/2023

Stock Market Update for 03/02/2023

Yesterday Nifty had huge volatility it started with gap down and recovered and again felled at the end nifty closed flat. Foreign Institutions had sold above 3000cr. and Domestic Institutions had bought above 2300cr. This rally is due to the continuous falling of Adani stocks. Yesterday in US Market except Dow Jones other major market had ended in green Nasdaq had gained more than 3%. Today Nifty Future and SGX Nifty futures are indicating flat or small gap up opening. The market may take any direction due to Adani and FIIs selling. NSE added Adani enterprises, Adani Ports and Ambuja Cements Additional Surveillance Margin (ASM). Today US Features are indicating downside and Our Futures are flat so we can expect downside Movement once nifty breaks 17400 we can make sure that market is bearish.

Index	Close	Open	High	Low
Nifty50	17,610.40	17,517.10	17,653.90	17,445.95
Sensex	59,932.24	59,459.87	60,007.67	59,215.62
Bank Nifty	40,669.30	39,943.35	40,757.60	39,761.45
Dow Jones	34,053.94	34,129.30	34,145.14	33,814.78
S&P 500	4,179.76	4,158.68	4,195.44	4,141.88
Nasdaq	12,200.82	12,065.15	12,269.55	12,024.14