{"id":15071,"date":"2022-06-16T09:59:55","date_gmt":"2022-06-16T04:29:55","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=15071"},"modified":"2022-06-16T10:01:19","modified_gmt":"2022-06-16T04:31:19","slug":"market-morning-notes-for-16th-june-2022","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-16th-june-2022\/","title":{"rendered":"Market Morning Notes For 16th June 2022"},"content":{"rendered":"\n

The market surrendered opening gains to finally end in negative terrain but the breadth of the market remained positive. Nifty Bank also closed in the green. <\/p>\n\n\n\n

With Fed raising rates by 75 bps to curb 40-yr high inflation, this is expected to have a major impact on technology and commodity sectors, which may go through a deep underperformance. <\/p>\n\n\n\n

So far as markets are concerned, it had already discounted sharp rate hikes hence high beta sectors were already battered down. In Nifty terms, with all signs showing a trend reversal in Dollex 30 index, we expect a major upswing on close above 15849 and a spurt in volumes.<\/p>\n\n\n\n

Wall St posts relief rally after Fed hikes rates by 75 bps. Fed says that do not expect a 75 bps rate hike to be common. Treasury yields fall after the Fed raises rates as expected. <\/p>\n\n\n\n

Asia-Pacific markets rallied on Thursday, tracking U.S. stocks after the Federal Reserve raised benchmark interest rates 75 basis points in a move that equates to the most aggressive hike since 1994. Oil prices fall over 2% as the Fed hikes interest rates and the dollar falls.<\/p>\n\n\n\n

S&P Dollex 30 Index<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Stocks to watch<\/h2>\n\n\n\n

Positive Read Through<\/strong><\/p>\n\n\n\n