March 10, 2023



It appears that the stock market experienced another down day on Friday, with all three major indices closing lower. The Dow Jones Industrial Average fell 543.54 points, or 1.66%, to 32,254.86, the S&P 500 lost 73.69 points, or 1.85%, to 3,918.32, and the Nasdaq Composite dropped 237.65 points, or 2.05%, to 11,338.36.

The continued drop in the market is likely due to a combination of factors, including concerns about rising interest rates, inflation, and the impact of the COVID-19 pandemic on the economy. The release of the monthly jobs report on Friday likely contributed to investor anxiety, as a stronger-than-expected report could lead to more aggressive interest rate hikes by the Federal Reserve.


On Friday, stocks in the Asia-Pacific region experienced a broad decline, as investors awaited the release of the February non-farm payrolls report from the US. The report is expected to provide insights into the strength of the US labor market and could influence the Federal Reserve's decision on interest rate hikes.

In Australia, the S&P/ASX 200 fell 1.61%, while in South Korea, the Kospi dropped 1.04%. The Nikkei 225 in Japan shed 1.22%, and the Topix lost 1.2%.


Trends in the SGX Nifty indicate a negative opening for the broader index in India with a loss of 89 points. The Nifty futures were trading around 17,529 levels on the Singaporean exchange.


1. On Thursday, oil prices fell by around 1% to a two-week low due to concerns about the potential impact of increased interest rate hikes by the US Federal Reserve on the global economy and future oil demand. These worries stem from fears that such aggressive measures to control inflation could lead to a recession.

2. Brent futures, the global benchmark for oil, fell by $1.07, or 1.3%, to settle at $81.59 a barrel. This marks their lowest close since February 22. Meanwhile, US West Texas Intermediate (WTI) crude fell by 94 cents, or 1.2%, to settle at $75.72, their lowest close since February 27.


1. FIIs net SOLD Rs 561.78cr worth shares on March 9

2. DIIs net BOUGHT Rs 42.41cr worth shares on March 9


Thank you, have a great Trading Day ahead!!


Recent Best Trades

Symbol ROI Gains
WIPRO 23DEC 400 CE +30.14 % +6600.00
WIPRO 23DEC 400 CE +30.14 % +6600.00
CRUDEOIL 23DEC 6400 CE +18.52 % +5000.00
GRANULES +2.83 % +2805.00
NIFTY 23NOV 20000 PE +37.04 % +8000.00
Subscribe Now