Asia Markets largely higher as new BOJ chief chairs fist policy meeting Nik,28571/25/0.35% Dj,33826/524/1.6% Vix17.03 ,-9.61% US stocks rise as traders cheers strong meta results,
Oil,74.71,prices find some support after heavy losses on US recession fears, Gold, 1994.6,climbs on subdued dollar US data in spotlight , Bonds,3.522, yields gain despite slower than expected GDP growth, Dollar,Euro near one year peak as US economic risks weigh on dollar, BC29503/1003/3.5%
Nifty:%;Candle:OF,Long day green; Bank Nifty:% Candle:OF,Short day green ; HB:OF,Short day green, 1681,
News:SGX Nifty indicates a positive start for the broader index with a gain of 140 points after the Nifty closed 101 points higher at 17,915 on Thursday. SGX futures stood at 18,060. Wipro logs in 11% YoY rise in Q4 revenue at Rs 23,190 crore, misses estimates, Axis Bank Q4 result: Private lender reports loss of Rs 5,728 crore,
Events/Results:
Market wrap up(DWM,T,N,E):Equity markets continued their upward journey for the fourth consecutive session on April 27, the expiry day for April futures & options contracts, with the Nifty50 getting back above 17,900 mark driven by buying almost across all sectors barring FMCG. The BSE Sensex rose 349 points to close at 60,649, while the Nifty50 climbed 101 points to 17,915 and formed bullish candlestick pattern on the daily scale, with making higher highs higher lows for four days in a row. “On the daily chart, the index has given an Inverted Head and Shoulder pattern, suggesting a bullish reversal. Besides, the index has remained above the critical moving average. On the higher end, Nifty might move towards 18,000-18,100 over the near term,” On the lower end, the support is placed at 17,800, The market breadth also improved further with three shares advancing for every two declining shares on the NSE. The Nifty Midcap 100 and Smallcap 100 indices gained 0.6 percent and 0.8 percent, respectively.
