Stock Market Update for 13/04/2023
Yesterday for the seventh consecutive day Nifty had ended in green it had gained nearly 1000 points in last two weeks. Yesterday Nifty had broken the resistance near 17800 so today Nifty make a consolidation move with jerky reaction due to expiry day. Foreign Institutions were continuously on buying side they had bought above 1900cr which is good news for us. Our Domestic Institutions were sold above 200cr. Yesterday TCS had released their Q4 results they have registered 14.8% growth YoY. The impact of TCS results will be noted from US Markets reactions. Yesterday US Markets had huge volatility mainly Nasdaq future had felled more than 100 points. So today our markets will have huge volatility mainly IT and Banking sectors will be concentrated. So, market will have some consolidation today it may take direction after the consolidation. If Nifty breaks 18000 then our market will reach new highs or otherwise Nifty will face huge crash.
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