Asia pacific markets largely higher ahead of Australia’s interest rate decision, Nik, 29182/58/0.2% Dj,34098/272/0.8% Vix15.78;-7.3% Dow gains more than 250 points Frida y as index finishes best month since January,
Oil, 74.87, drops 2% as economic growth concerns offsset OPEC + cuts; Gold,1990.3,retreats as robust U.S data lifts dollar; focus on FED; Bonds,3.557,yield rises ahead of Fed meeting; Dollar,gins before fed meeting ; jobs data,BC28297/-1027/-3.6%
Nifty:18065/149.95/0.84%;Candle:OGU,Long day green; Bank Nifty:42333.9/233.05/0.54% Candle:OF,Long day green ; HB:OF, Short day green,1688,
News:SGX Nifty indicates a flat start for the broader index with a loss of 14 points after the Nifty closed 149 points higher at 18,065 on Friday. SGX futures stood at 18,259 , Govt reduces windfall tax on crude oil to Rs 4,100 , GST collections hit new all-time high of Rs 1.87 lakh crore in April, India April factory activity hits 4-month high on robust demand,
Events/Results:Tata Steel, Ambuja Cements, Varun Beverages, Birla Cable, Cigniti Technologies, DCM Shriram, Fino Payments Bank, Home First Finance Company India, KEI Industries, Astec Lifesciences, Mold-Tek Technologies, Newgen Software Technologies, Punjab & Sind Bank, Sasken Technologies, Spandana Sphoorty Financial, and UCO Bank will be in focus ahead of quarterly earnings on May 2.
The National Stock Exchange has not added any stock to its F&O ban list for May 2.
Market wrap up(DWM,T,N,E):Equity benchmarks closed the final session of the week on a strong note, with the BSE Sensex getting back above 61,000 levels and the Nifty above the psychological 18,000 mark on April 28, continuing the uptrend for the fifth straight session. We have seen gains across sectors with IT being the leader with more than 1 percent rally. The BSE Sensex jumped 463 points to 61,112, while the Nifty50 gained 150 points at 18,065 and formed a bullish candlestick pattern on the daily scale, continuing higher tops higher bottoms formation for the fifth straight day. “A long bull candle was formed on the daily chart with a minor lower shadow. Technically, this pattern indicates a continuation of upside momentum with strength,” After the formation of the higher bottom at 17,553 levels on April 21, the market is on an upward journey. This pattern signals the negation of the previous bearish pattern like lower tops and bottoms and the resumption of a positive pattern like higher tops and bottoms, “The short-term uptrend of Nifty remains intact and the market is expected to reach up to the next resistance of 18,200-18,300 levels in the next week. Immediate support is placed at 17,900 levels, For the week, both these benchmark indices gained 2.5 percent each. On Friday, the Nifty Midcap 100 and Smallcap 100 indices remained strong on positive breadth, rising 1.2 percent and 0.8 percent, respectively, while India VIX reached a 40-month low of 10.95 levels, down 4.17 percent from 11.43 levels.
