Asia pacific markets mixed Japan’s core inflation holds steady , Nik,28744/80/0.28% Dj, 33786/-110/-0.33% Vix17.17 / 4.3% US stock futures are flat as wall street processes earning results,
Oil,77.11,dips as expected rate hikes takes toll, Gold,2017.7,firms above $2000on somber US economic data, Bonds,3.536,treausry yield tumbles as economic data points to contracting economy, Dollar, retreats as weak data backs US recession view, BC 28489/-801/-2.74%
Nifty:17624.25/5.7/0.03%;Candle:OF,doji; Bank Nifty:42269.5/115.5/0.27% Candle:Of,Doji ; HB:Of,Doji,1673,
News:RIL may record 17% growth in Q4 operating profit, single-digit rise in topline, bottomline, ICICI Bank net profit likely to rise 30% on higher interest income in Q4, Oil prices slid by about $2 a barrel to their lowest level since late March on Thursday, dragged lower by fears a possible recession could dent fuel demand and after a rise in US gasoline inventories., SGX Nifty indicates a mildly positive start for the broader index with a gain of 29 points after the Nifty closed 5 points higher at 17,624 on Thursday. SGX futures stood at 17,694.,
Events/Results:Reliance Industries (RIL) is going to be in focus ahead of its quarterly and full-year earnings on April 21. Aditya Birla Money, Hindustan Zinc, Tejas Networks, Bheema Cements, Metalyst Forgings, Rajratan Global Wire, and Wendt (India) will also release their quarterly earnings scorecard on the same day. ICICI Bank will be in action ahead of its quarterly and full-year numbers on April 22. Along with that, Yes Bank, Macrotech Developers, CE Info Systems, Star Housing Finance, and Nath Bio-Genes (India) will also be announcing their numbers on the same day.
The National Stock Exchange has not added any stock to its F&O ban list for April 21.
Market wrap up(DWM,T,N,E):The market snapped a three-day fall and closed the weekly F&O expiry session with moderate gains on April 20. Select banking & financial services, and auto stocks supported the market, however, the gains were limited due to selling pressure in pharma, select FMCG and technology stocks. The BSE Sensex rose 65 points to 59,632, while the Nifty50 continued to hold the 17,600 mark, climbing 6 points to 17,625 and forming a Doji kind of pattern on the daily charts, indicating indecisiveness among buyers and sellers about the future trend. On the higher end, he feels 17,700 continues to remain a strong resistance, a decisive move above 17,700 may reinstate the bullishness in the market. However, the broader markets closed flat with a positive bias and the breadth was slightly tilted in favour of bulls.
