The Saturday market was a bearish close with the major indices falling more than half a percent. The remarks made by the FED chairman on the interest rates still worry the investors on his hawkish comments. The external debt in India was at USD 613.1 billion in the last three months to December 2022, lower than USD 613.6 billion a year earlier.
Hot news
Jio Financial Services is Listing soon later this year.
Upcoming events
F&O expiry,
India’s external debt,
US GDP data,
and current account balance
SENSEX
On Saturday’s markets, the nifty closed with a negative move. Sensex lost 259 points from the all-time high of 63,240.
RSI of Sensex – The RSI is at 55.14 which is fairly moderate from oversold to overbought.
Nifty
Nifty has also followed the same path as SENSEX losing 105 points on Saturday’s market.
RSI – The Nifty RSI is at 55. Same as the SENSEX
Overall the markets are at an all-time high
Stocks to watch for
Marico
NTPC
United spirits
