Stock Market Update for 22/02/2023

Stock Market Update for 22/02/2023

Yesterday Nifty had huge volatility it closed nearly flat in red. Our market continuous to fall once it breaks the support level near 17800 it may have huge fall. Yesterday Foreign Institutions had bought above 500cr, and our Domestic Institutions had sold above 200cr. Yesterday US market had felled more than 2% in single day due to interest rate hike. Nasdaq had felled more than 2.5% so we can expect IT sector to fall in our market. Though our market is continuously falling so the US market fall will have lighter effect on our Market. The positive thing is FIIs are still in buying side. Today we may expect both FIIs and DIIs to be the net buyers. Due to fall in US Market all market are in red, SGX Nifty indicating gap down above 50 points. Hope everything goes well Nifty will bounce back from the support level.