Japan stocks jump 2% Asia markets rise after US reaches tentative debt ceiling deal, Nik,31427/510/1.7% Dj,33093/329/1% Vix17.95/-6.2% US stocks rally friday on hopes for a debt ceiling deal, Nasdaq notches fifth straight week of wins.
Oil,72.9;prices rise as US closes in debt deal; Gold,1946.1;wobbly as sticky inflation drives up US rate hike bet; Bonds,3.81. treasury yield rises as investors absorb key inflation data; Dollar,set for 3rd week of gains as debt talks looms large; BC 26705/230/0.87%
Nifty:18499.35/178.2/0.97%;Candle:OGU,Short day green; Bank Nifty :44018/336.6/0.77% Candle:OF,Short day green. ; HB:Of,Doji, 1615
News:The SGX Nifty indicates a positive start for the broader index with a gain of 83 points on Monday. SGX futures stood at 18,632. Aurobindo Pharma posts 12% slump in Q4 net profit at Rs 506 crore, revenue jumps 11%, FPIs invest Rs 37,316 crore in May on strong domestic macro fundamentals,
Events/Results:Ipca Laboratories, Indian Railway Catering and Tourism Corporation, Adani Transmission, Allcargo Logistics, Ansal Housing, Bajaj Hindusthan Sugar, Campus Activewear, Force Motors, HeidelbergCement India, Hikal, ITI, Jubilant Pharmova, KNR Constructions, Natco Pharma, NBCC (India), NHPC, The New India Assurance Company, Rail Vikas Nigam, Shriram Properties, Sobha, Speciality Restaurants, TCNS Clothing, Torrent Power, Vadilal Industries, Vijaya Diagnostic Centre, and Zee Media Corporation will be in focus ahead of quarterly earnings on May 29.
The National Stock Exchange has not added any stock to its F&O ban list for May 29.
Market wrap up(DWM,T,N,E):The market made an impressive start to the June series, with the benchmark indices closing a percent higher from the previous day on May 26 on buying across sectors. FMCG, IT, metal, and pharma were the star performers gaining up to 1.5 percent. “The short-term market outlook is considered robust, with key levels at 18,350 acting as trend deciders. If the index moves above these levels, it could rise towards 18,600 and potentially continue further to 18,680,” If the index slips below 18,350, traders may prefer to exit long positions, The broader markets also joined the rally but underperformed the benchmarks. The Nifty midcap 100 index gained 0.8 percent and the smallcap 100 index rose half a percent. India VIX, the volatility index, was down 4.95 percent to 11.90 from 12.52 levels.
