SGX Nifty down 120 points; here's what changed for market while you were sleeping

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Key Points

Having placed at the crucial overhead resistance of 17800 levels, there is a possibility of further consolidation or minor downward correction in the short term, before showing further up move..

Immediate support is placed at 17600 levels.Shutterstock.comAdani.

U.S. stock indexes closed sharply lower on Tuesday after Federal Reserve Chair Jerome Powell told Congress the central bank will likely need to raise interest rates more than previously expected as it seeks to rein in stubbornly high inflation...

The dollar was riding high on Wednesday, flung to three-month peaks when Federal Reserve Chair Jerome Powell surprised investors by warning that interest rates might need to go up faster and higher than expected to rein in inflation...

Adani group has prepaid loans worth Rs 7,374 crore, which were taken against company shares as collateral, ahead of the maturity as the conglomerate tries to assuage investor concerns over its ability to manage debt obligations..

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