We can see some consolidation around the 17030-17050 region, as 17000 CE writers might be present for now and they will try their best to not let Nifty move up much, but expecting them to panic exit today once 17050 crosses.
Maruti Suzuki is betting on biogas, flex fuel, hybrid and CNG vehicles in the country. The company will introduce its first electric vehicle offering in 2024-2025.
Nifty is stuck in a narrow range. But, Nifty holding above 17,800 after breaking it is positive. This keeps the chances high for the Nifty to break the 18,000-18,200 resistance and target 19,500-20,000.
The #Budget2023 has set the right tone for the economy with a strong focus on growth and commitment to the 4Is — Investments, Industry, Inclusiveness, and Infrastructure....
International Monetary Fund (#IMF) has said that India remains the bright spot and maintains the growth proejection at 6.1 per cent for Fiscal Year 2023-24 (FY24). It further expects #India’s growth to go up to 6.8 per cent in the Fiscal Year 2024-25 (FY25)
#MarutiSuzuki's consolidated revenue from operations also grew 25 per cent year-on-year (YoY) at ₹29,057 crore during the quarter in review, as against ₹23,253 crore in October-December 2021.
Poonawalla Fincorp posted a 88% increase in its net profit for Q3 FY23 to ₹150 crore on the back of record high disbursements and improvement in the asset quality.
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The domestic markets are likely to remain volatile despite global markets trading in relatively stable mode. Selling by FPIs is expected to cause the markets to wobble, though India’s macroeconomic figures remaine positive. The Infosys, HCL results were better than street expect.
💰Gold and silver are on fire, I think metals may see a boom💰
♾ Our VIX down 3%
♾ Dollar Index 102.50
📈 US CPI fell from a peak of 9.1% last June to 6.5% in December, showing a downward trend in inflation
♾ How can be 2023 for investors
❤️ Market view for today❤️
♾ Central banks & FIIs eyeing today's US CPI numbers
♾ US inflation may come down from 7.1% to 6.5%
♾ Light relief is expected around 17850 in Nifty
♾ Dollar index at 103.1/10Y bond yield at 3.5
♾ good movements in the oil-gas & metal sector