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Guys banknifty resistance level 41650 if cross then will see upside move in market otherwise it will sideways
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🚨Daily News Analysis🚨
1) Bulls and Bear at loggerheads
- The Indian Benchmark Indices experienced a volatile market during the week's expiry, today. Benchmark indices however managed to escape the bear claw with NIFTY up by 0.12%, while BSE SENSEX surged 142 points to close at 60,806.
2) Norway wealth fund sells its stakes in Adani companies
- World's largest investor - Norway Wealth Fund, stated that it has sold its stakes in 3 Adani Group companies worth just over $200 million since the start of the year. As of Feb 2023, the $1.35 trillion fund company has no exposure in any Adani listed company, said Christopher Wright, the fund's head of ESG risk monitoring.
3) Credit Suisse posts biggest loss since 2008 financial crisis
- Credit Suisse on posted its biggest annual loss since the 2008 financial crisis. Switzerland's 2ndbiggest bank posted a net loss of $1.51 billion in Q4. Credit Suisse's total net loss in 2022 can be calculated to a whopping $7.51 billion, marking its 2nd straight year in the red.
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