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Anticipating a promising start, the Indian stock market is poised to open on a higher note this Thursday, buoyed by the rally seen in global counterparts.Global Gains and OptimismAsian shares displayed a morning surge, mirroring the upward momentum witnessed in US stocks. The optimism stems from renewed hopes that central banks might pause their interest rate hikes in light of recent weak economic data. This trend resulted in an overnight increase in US stock indices.Domestic Rally and Central Bank FocusThe Indian equity market showcased its vigor on Wednesday as the benchmark Nifty surpassed the 19,400 level. Despite this achievement, investors are keeping a close eye on the central bankers' gathering scheduled at Jackson Hole on Friday. This event is anticipated to provide further insights into the future direction of monetary policies.Asian Markets Riding HighAsian markets joined the upward trajectory, benefiting from the rally in tech stocks that fueled overnight gains on Wall Street. Investors in the region are on the lookout for central bank rate decisions, with both South Korea and Indonesia expected to maintain their benchmark policy rates unchanged. Notably, Japan’s Nikkei 225 advanced by 0.44%, while South Korea’s Kospi and Kosdaq surged by 1.04% and 1.55%, respectively.Market SnapshotHong Kong's Hang Seng index futures indicated a positive opening as they traded higher at 17,973 compared to the previous close of 17,845.92. Meanwhile, Australia's S&P/ASX 200 demonstrated a 0.42% rise.Gift Nifty displayed gains at the 19,518 level, showcasing a positive start for the Indian benchmark indices, as compared to the previous close of Nifty futures at 19,432.US Stocks on the UpswingOver in the US, stock indices witnessed an upward trajectory. Tech shares, particularly Nvidia, led the rally on the back of heightened expectations for stronger quarterly results. The Dow Jones Industrial Average surged by 184.15 points, equivalent to 0.54%, while the S&P 500 gained 48.46 points, or 1.10%. The Nasdaq Composite soared by 215.16 points, or 1.59%, reaching 13,721.03.Yield and SentimentMarket sentiment received a boost as the yield on the 10-year US Treasury note experienced a slight decrease from its near 16-year highs. This movement was influenced by weak business activity data from both the US and the euro zone, prompting some reevaluation.As the global and domestic landscapes converge, investors are navigating the intricate interplay of market dynamics and central bank actions.Disclaimer: The information provided here is for educational purposes only and should not be considered financial advice. Always conduct thorough research and consider consulting a financial professional before engaging in algorithmic trading.

The Indian market struggled to recover due to mounting influence from weak global cues, resulting in sustained selling pressure on Thursday. The escalation of US bond yields is anticipated to restrict the influx of foreign investments into the Indian market, further impacting market dynamics.Several factors have contributed to the market's ongoing weakness, including the faltering Chinese economy and Fitch's warning to downgrade US mid-sized banks. In the absence of positive triggers, this prevailing weakness is expected to persist in the near term.Option data indicates a broader trading range between 19,000 to 19,700 zones, with an immediate trading range estimated to be between 19,200 to 19,500 zones.Pre-Market Indicators:GIFT Nifty (Earlier SGX Nifty) Signals a Positive Start: GIFT Nifty on the NSE IX traded 16.5 points, or 0.09%, higher at 19,299.50, signaling a positive start on Friday for Dalal Street.Technical View: The market sentiment remains negative as the index continues to stay below a crucial moving average. An approach of selling on rallies might be effective as long as the level of 19,525 remains unbroken. On the downside, immediate support is expected around 19,250 levels in case of any decline.India VIX: India VIX, a measure of market fear, rose by 0.95% to settle at 12.24 levels.US indexes Dip: Wall Street's main indexes closed lower on Thursday after volatile trading. Losses in healthcare stocks overshadowed gains in Cisco and energy stocks. Upbeat economic data kept alive concerns of interest rates remaining higher for a longer period.- Dow fell 0.84%- S&P 500 down 0.77%- Nasdaq fell 1.07%Asian Market Fall: Asian shares experienced their sixth consecutive daily decline amid worries about China's economic situation and concerns about higher interest rates.- S&P 500 futures remained stable as of 9:19 a.m. Tokyo time. The S&P 500 had fallen by 0.8%.- Nasdaq 100 futures fell 0.1%, and the Nasdaq 100 itself declined by 1.1%.- Hang Seng futures decreased by 0.6%.- Japan's Topix fell by 0.7%.- Australia's S&P/ASX 200 dropped by 0.2%.- Euro Stoxx 50 futures experienced a decline of 1.3%.Oil Prices Down: Oil prices appeared to be on track to end a seven-week winning streak on Friday. Concerns about demand growth in China due to its slowing economy and the possibility of higher US rates triggered losses.F&O Ban List Today:- Indiabulls Housing Finance- Delta Corp- GNFC- PNB- Chambal Fertilisers & Chemicals- India Cements- Granules- ZEEL- Hindustan Copper- SAILSecurities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.FII/DII Action: Foreign portfolio investors turned net sellers, offloading shares worth Rs 1,510 crore on Thursday. Domestic institutional investors (DIIs) also sold shares worth Rs 314 crore.Rupee: The Indian rupee experienced a drop to its lowest closing level ever at 83.14 against the dollar. Rising US yields and a risk-averse environment weighed on the local currency.Disclaimer: The information provided here is based on available public information and should not be construed as official statements or financial advice. Always refer to authoritative sources for the latest updates on business transactions and investments.

Indian Equity Indices End in Red for Fourth Consecutive DayContinued fears among investors triggered by the collapse of Silicon Valley Bank (SVB) and nervousness ahead of US inflation data later in the day forced Indian equity indices to end in the red for the fourth consecutive day on Tuesday, dragged by banking, financial and IT stocks.Sensex and Nifty PerformanceThe 30-share BSE benchmark Sensex declined 337 points or 0.58% to settle at 57,900. The broader NSE Nifty dropped 111 points or 0.65% at 17,043.Sensex Laggards and Top GainersFrom the Sensex pack, M&M, Bajaj Finance, TCS, and Wipro were the top laggards, declining 1.5-3%. Tech Mahindra, Kotak Bank, Asian Paints, and HCL Tech also closed lower. On the flip side, Titan, Bharti Airtel, L&T, and Sun Pharma closed with gains.Adani Group PerformanceShares of Adani Group's flagship firm Adani Enterprises ended over 7% lower on the BSE. Meanwhile, Adani Transmission, Adani Power, Adani Total Gas, Adani Wilmar, and NDTV closed with a 5% lower circuit.Sector-Wise PerformanceSector-wise, Nifty PSU Bank fell 1.65% and Nifty IT declined 1.65%. Financials, auto, FMCG, metal, consumer durables, and oil & gas stocks also closed with losses. In the broader market, Nifty Smallcap100 dropped 0.83% and Nifty Midcap100 plunged 0.52%.Market CapitalisationThe market capitalisation of all listed companies on the BSE declined by Rs 2.01 lakh crore to Rs 256.55 lakh crore.Expert AnalysisThe selling continued while the degree of ambiguity over the US Banks reduced due to supportive measures announced by the US Fed. The underlying issue of the market is high interest rates, which will continue to wreak havoc in the world economy. Yields will take time to moderate to the long-term trend given hawkish monetary policy & high inflation.However, the disruptive development in the US banks and slowing economy have created a precursor to presume that yields will peak in the near future, supported by a change in monetary policy from hawkish to neutral, which will diminish the worries of long-term investors.Global Market PerformanceAsian shares declined on Tuesday, with heavy selling of bank shares in Tokyo and some other markets, as investors around the world closely watched what's next following the second- and third-largest bank failures in US history.Japan's benchmark Nikkei 225 dropped 2.2% to finish at 27,222.04, extending losses from the day before. South Korea's Kospi fell 2.6% to 2,349. Hong Kong's Hang Seng fell 2.4% to 19,233. The Shanghai Composite declined 0.6% to 3,248.UK's FTSE 100 PerformanceUK's FTSE 100 opened lower on Tuesday as fears of contagion risks from the collapse of SVB continued to knock down bank stocks, while energy stocks tracked declines in oil prices.The blue-chip FTSE 100 lost 0.41%, extending declines after a 2.6% tumble on Monday, which was its biggest single-day drop in more than eight months.Crude Price FallsOil prices took a hit on Tuesday, dropping more than $2 a barrel and extending the previous day's slide. The collapse of Silicon Valley Bank rattled equities markets and sparked fears of a fresh financial crisis.Brent crude futures fell $1.64, or 2%, to $79.13 a barrel. US West Texas Intermediate crude futures (WTI) dropped $1.74, or 2.3%, to $73.06 a barrel. On Monday, Brent and WTI fell to their lowest since early January and December, respectively.CurrencyThe rupee posted its worst performance against the dollar in five weeks on Tuesday, as fears of contagion from the collapse of Silicon Valley Bank weighed on risk sentiment ahead of key US inflation data.The rupee ended down 0.44% at 82.49 per dollar, marking its biggest percentage drop since February 6.Traders were adding long USD/INR positions ahead of the US inflation data that could influence the Federal Reserve's monetary policy decision next week.ConclusionThe Indian equity market continued its downward trajectory on Tuesday, with the Sensex declining by 337 points or 0.58% to settle at 57,900, and the broader NSE Nifty dropping 111 points or 0.65% at 17,043. Banking, financial, and IT stocks dragged the market down, and Adani Group's flagship firm, Adani Enterprises, ended over 7% lower on the BSE.The continued fears among investors triggered by the collapse of Silicon Valley Bank and nervousness ahead of US inflation data later in the day led to the fourth consecutive day of losses in the Indian equity market. The global markets were not immune to the jitters, with Asian shares and crude oil prices also falling on Tuesday.The high-interest rates and hawkish monetary policies continue to cause ambiguity in the market, but experts predict that yields will peak in the near future, supported by a change in monetary policy from hawkish to neutral, which will diminish the worries of long-term investors.