Japan’s stock surge to highest since 1990 as G7 meeting is underway, Nik,30803/232/0.76% Dj,33536/115/0.34% Vix16.05, S&P 500 futures rise slightly on thursday evening, BC 26806/-569/-2%
Oil,72,prices slide 2% as strong US economic data boosts dollar, Gold,1958, slides as robust US data drive hawkish Fed bets, Bonds,3.638, yields rise after dalla’s fed president says economic data just doesnt yet justify rate hike, Dollar,rises 7 week high bouyed by data , debt ceiling optimism,
Nifty:18129.95/-51.8/-0.28%;Candle:; Bank Nifty:43752.3/53.6/0.12% Candle: ; HB:
News:The SGX Nifty indicates a positive start for the broader index with a gain of 41 points on Friday. SGX futures stood at 18,220. SBI posts record Q4 net profit: Key highlights from the earnings , ITC Q4 net profit up 21% at Rs 5,087 crore, revenue up 5.6%,
Events/Results:
NTPC, Power Grid Corporation of India, Punjab National Bank, JSW Steel, Zomato, Abbott India, Alkem Laboratories, Bandhan Bank, Cochin Shipyard, Crompton Greaves Consumer Electricals, Dilip Buildcon, Delhivery, Elgi Equipments, EPL, GATI, Glenmark Pharmaceuticals, Godrej Industries, IRB Infrastructure Developers, JK Lakshmi Cement, Minda Corporation, Muthoot Finance, Narayana Hrudayalaya, NLC India, Sun TV Network, VA Tech Wabag, and Welspun Enterprises will be in focus ahead of quarterly earnings on May 19.
Divis Laboratories, Andhra Petrochemicals, Arihant Capital Markets, Atul Auto, Balaji Amines, Bharat Electronics, Godawari Power & Ispat, Multi Commodity Exchange of India, Nilkamal, Swan Energy, VRL Logistics, and Zuari Agro Chemicals will be in focus ahead of quarterly earnings on May 20.
The National Stock Exchange has added L&T Finance Holdings, and retained Aditya Birla Fashion & Retail, Balrampur Chini Mills, Delta Corp, GNFC, LIC Housing Finance, Manappuram Finance, and Punjab National Bank to its F&O ban list for May 19.
Market wrap up(DWM,T,N,E):The market continued to see southward journey for three days in a row on May 18 and closed at a near-two-week low on the Nifty despite positive trend in global counterparts, but Bank Nifty performed better than benchmarks. The BSE Sensex fell 129 points to 61,432, while the Nifty50 dropped 52 points to 18,130 and formed bearish candlestick pattern on the daily scale with making lower highs, lower lows for the third straight session. “Future open interest data indicated build-up of short positions in Nifty. Unless Nifty gives a higher close on the daily chart, the correction is likely to continue,” 18,050 is likely to act as an immediate support for the index, while a break of this level can even take Nifty to 17,800 levels, where next visible support is placed. “18,400 is likely to act as resistance for Nifty as we head into the last week of May expiry, The India VIX, which is the fear indicator, has risen nearly 12 percent since the start of May expiry series, giving serious discomfort to the bulls. The broader markets were also under pressure with the Nifty Midcap 100 and Smallcap 100 indices falling around half a percent each.
