What’s The Wrap?

2nd Slide:

Indices:

1. NIFTY 50- 17,859.45 (1.36%)

2. SENSEX- 59,900.37 (1.55%)

3. BANK NIFTY- 42,188.80 (1.86%)

4. USD/INR- $1 = ₹ 82.560 (0.19%)

5. S&P 500- 3,859.20 (0.51%)

Top Gainers F&O – 5

1. Power Finance Corp 157.15 11.34%

2. Max Financial Services 741.55 9.45%
3. Havells India 1192.50 8.41%
4. HDFC Life 611.65 8.02%
5. Hindustan Petroleum Corp 249.90 6.27%

Top Losers F&O-5

1. Indiabulls Housing Finance 140.25 9.34%

2. Bajaj Finance 5980.40 9.05%

3. Trent Ltd. 1248.15 7.64%

4. Cholamandalam Investment 667.90 7.61%

5. Bajaj Finserv 1430.35 7.59%

3rd Slide:

Charts of Nifty and Bank Nifty

NIFTY BANK

Banknifty as reversal trend before reaching the support zone of 41670. Volume indicates that
Banknifty has a chance to give a reversal from the recent trading zone to support of 41670.
Coming Budget will set a trading zone. We can expect stagnation in the current trading zone of
Banknifty.
NIFTY

Nifty is currently trading along the resistance zone 17800. If Nifty breaks the resistance then we
will see 17800 as a support zone and Nifty will have an upward trend. Volumes in Nifty suggest
that the current trading zone is quite critical and if Nifty falls from the resistance zone, the next
support will be at 17750 to 17770.
4th & 5th: News at a Glance:

Global News (3 points)

 A third of the global economy will be in recession this year, the IMF chief has
said, and warned that 2023 will be "tougher" than last year as the US, EU and
China will see their economies slow down.
 World food prices eased in December marking the ninth consecutive monthly
fall, but gained more than 14% in 2022 compared to the previous year, to
reach the highest since records began.
 Pakistan central bank's foreign exchange reserves plummeted to an eight-year
low of over USD 5.5 billion amidst fear of default.

Indian News (3 points)

 India's economy is expected to grow 7.0% in the current financial year,

according to the first advance estimates by the National Statistical Office
(NSO).
 The Union Cabinet chaired by Prime Minister Narendra Modi, has approved
the continuation of the Schemes of the Ministry of Development of North
Eastern Region, with an outlay of Rs 12882.2 crore.
 Early signs of brighter prospects of Rabi crops point towards a robust
performance of agriculture, leaving an improved second-round effect for
several connected industries like FMCG, tractors, two-wheelers, speciality
chemicals and fertilizers.

Indian Businesses in Action

 A stake for sale in state-backed electricity trader PTC India Ltd. is attracting
initial interest from potential suitors including Asia’s richest man Gautam
Adani.
 Vodafone Idea dials banks for Rs 7,000 crore emergency loans to repay dues
to Indus Towers.
 Ola Electrics is set to acquire around 1500 acres of land in Tamil Nadu to set
up an electric vehicle factory.
 Reliance-backed co Dunzo latest to tap alternative routes to secure funds. The
round is in advanced stages of closure and could finally settle in the range of
$70-100 million.
  Tata Motors completes Rs 725 cr acquisition of Ford's Sanand plant.

6th and 7th: Simply Finance

What is a payday loan?

A payday loan is a sort of short-term borrowing in which a lender extends credit at a

high interest rate dependent on your income. The principal is usually a percentage of
your next paycheck. Payday loans have high interest rates since they are used for short-
term, emergency credit. They are also known as check advance loans or cash advance
loans.

Payday lenders incur a significant risk since they do not verify your capacity to repay the
loan. As a result, they typically demand very high interest rates on payday loans, as well
as exorbitant penalties if you fail to make your payments. This is risky for borrowers
since it means you'll have to borrow extra money to meet the cost of the initial loan.