A list of important headlines from across news agencies that could help in your trade today.
The 30-share BSE Sensex was up 89.32 points at 36,725.42 while the Nifty 50 gained 5.20 points at 11,058.20 and formed a small bearish candle resembling a 'Hanging Man' kind of formation on the daily charts.
Most analysts believe that the market seems to be in an overbought zone after the recent rally along with optimism in broader indices, which indicated that consolidation could be seen further.
According to Pivot charts, the key support level is placed at 11,027.2, followed by 10,996.2. If the index starts moving upward, key resistance levels to watch out are 11,089.1 and 11,120.
The Nifty Bank index closed at 27,764.60, up 138.95 points on March 7. The important Pivot level, which will act as crucial support for the index, is placed at 27,611.23, followed by 27,457.87. On the upside, key resistance levels are placed at 27,866.73, followed by 27,968.87.
Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies.
Wall Street drops for fourth day as ECB stokes growth worries
Wall Street’s main indexes fell for a fourth consecutive session on Thursday, after Europe’s central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth.
The Dow Jones Industrial Average fell 200.23 points, or 0.78 percent, to 25,473.23, the S&P 500 lost 22.52 points, or 0.81 percent, to 2,748.93 and the Nasdaq Composite dropped 84.46 points, or 1.13 spercent, to 7,421.46.
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