- U.S Markets closed lower Yesterday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is down 100-120 points.
- Yesterday was a high volatile expiry.
- Markets from being in the Positive suddenly witnessed a sharp dip.
- Markets almost closed at the lowest point Yesterday.
- Bank Nifty was the most volatile of all.
- At one point of time it was up 500 points but closed in negative.
- IT Index continues to face the Heat.
- All IT Stocks were down yesterday.
- Now , after the August Inflation data was announced at 8.3%.
- Markets are expecting a rate hike of 100 basis points.
- We have had two 75 basis points rate hikes upto now.
- This is going to be the biggest of all the rate hikes.
- Markets are fearing about this rate hike and might also be factoring in the same.
- For whole of 2022 markets have been like crazy.
- Not going anywhere but have been highly volatile.
- Nifty might Trade between 17680 to 18000 today.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
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