Market is expected to open gap down and likely to witness profit booking during the day - Nirmal Bang Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Market Review
US:
The global financial world was roiled by a flare-up in geopolitical risks that sent U.S. stocks sliding.
Asia:
Markets in Asia-Pacific region fell in early trade Monday on risk off sentiment as geopolitical tension heightened after Iran's attack on Israel over the weekend.
India:
Markets erased earlier losses to close little changed on Friday, led by gains in rate-sensitive realty and banking stocks after the RBI kept the rate unchanged at policy. This helped the indices clock their third weekly gain. Market is expected to open gap down and likely to witness profit booking during the day.
Global Economy:
Japan's key gauge of capital spending grew much stronger than expected in February, rebounding sharply from the prior month's decline in a welcome sign for domestic demand even as the yen's slide against the dollar raises the cost of living. Core machinery orders rose 7.7% in February from the previous month, blowing past a 0.8% increase expected by economists in a Reuters poll and more than recouping a 1.7% fall in January. Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, declined 1.8% in February, compared with a 6.0% drop seen by economists. China's central bank on Monday left a key policy interest rate unchanged as widely expected when rolling over maturing medium-term loans, and drained some cash from the banking system through the bond instrument. Keeping the medium-term lending facility rate steady underscores the central bank's intention to maintain currency stability amid a shaky economic recovery and push back on market expectations around the timing of a first U.S. Fed Reserve interest rate cut this year.
Commodities:
Gold prices edged up on Monday, hovering below a record high hit in the previous session, as escalating tensions in the Middle East lifted bullion's safe-haven appeal. Oil prices fell at Asia's open on Monday, as market participants dialed back risk premiums following Iran's attack on Israel late on Saturday which the Israeli government said caused limited damage.
Currency:
The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support.
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v89_Wex0B3E.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Zomato07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v38_zDiylqc.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Prashant Thakur ANAROCK Group.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v152_BhgJWbe.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Top News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/06/7416b3291eeafda1052c0fdc914935f8.jpg)
PHDCCI Hosts Workshop on SEBI (LODR) & Prohibition of Insider Trading Regulations: Latest Am...
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Indian benchmarks settled at fresh closing highs on Wednesday by Nirmal Bang Ltd
![Nifty has an immediate resistance placed at 24370 and on a decisive close above expect a rise to 24440-24500 levels by Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![Index is likely to open on a gap up note today and is likely to remain positive during the day by Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![Nifty has an immediate resistance placed at 24270 and on a decisive close above expect a rise to 24340-24400 levels by Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)