Markets Wrap – Tue, 7 Feb ‘23- Stocks fall, rupee flat; Asia, Europe markets, Gold, Crude, Crypto updates

Markets Wrap – Tue, 7 Feb ‘23: Stocks fall, rupee flat; Asia, Europe markets, Gold, Crude, Crypto updates

Domestic equity indices ended Tuesday’s session in the red. The top gainers of the BSE Sensex were Kotak Bank (up 1.59%), IndusInd Bank (up 1.22%), Bajaj Finance (up 0.90%), Bajaj Finserv (up 0.61%) and Larsen & Toubro (up 0.51%) while Tata Steel (down 5.23%), ITC (down 2.65%), Sun Pharma (down 1.74%), Maruti (down 1.72%) and HCL Tech (down 1.59%) were the losers. “The Nifty index faces stiff resistance around the 17,800-17,850 zone where aggressive call writing is visible. The index needs to surpass this level on a closing basis to witness a short covering move toward the 18,200 level. The support on the lower end is at the 17,600 level and if breached will lead to a further correction towards 17,450-17,400 levels,” said Rupak De, Senior Technical Analyst at LKP Securities.Asian Markets

Asian markets closed broadly higher on Tuesday. China’s Shanghai Composite Index rose 9.40 pts or 0.29% to 3,248.09, Hong Kong’s Hang Seng climbed 76.54 pts or 0.36% to 21,298.70 and South Korea’s KOSPI advanced 13.51 or 0.52% to 2,451.71 while Japan’s Nikkei 225 fell 8.18 pts or 0.03% to 27,685.47.

European Markets

European markets were trading in the red. England’s FTSE100 was trading at 7,871.73, down 31.07 points or 0.39% at 3:20 PM (IST). Europe’s Euronext100 was down 16.88 points or 1.25% at 1,339.16. France’s CAC was trading 94.83 points or 1.31% lower at 7,139.11. Germany’s DAX was down 132.59 points or 0.86% at 15,343.84.

US Markets

The US markets ended in red on Monday. The Dow Jones Industrial Average fell 34.99 pts or 0.10% to 33,891.02, S&P 500 lost 25.40 pts or 0.61% to 4,111.08 and Nasdaq dipped 119.50 or 1% to 11,887.45.

Rupee movement

The Indian rupee traded flat, rising 0.04% to 82.70 against the US dollar.

Gold, Silver

Gold futures on the multi-commodity exchange for April delivery were trading at Rs 57,050.00 up 95 points or 0.17% while Silver futures for March delivery were down 42 points or 0.06% at Rs 67357.00 at 4:50 PM (IST).

Crude oil

WTI Crude futures for March delivery were up 2.01% at $75.60 while Brent Crude futures for March delivery were trading 1.78% higher at $82.43 at 4:50 PM (IST).

Cryptocurrency

Bitcoin (BTC) at 4:50 PM (IST) was trading at $22,988.41, up by 0.80% in the last 24 hours. Its total market cap is $443,312,557,760. Ethereum (ETH) was trading at $1,643.52, up by 1.03% in the last 24 hours. It has a total market cap of $201,123,896,290.