Asia markets trade mixed ahead of US vote on debt ceiling deal, Hong Kong set for new lows,Nik,31148/-84/-0.28% Dj,33093/328/1% Vix17.46/-2.7% US stock futures rise after GOP and white house reach tentative debt debt ceiling pact,BC 27762/191/0.69%
Oil, 73, rises after provisional debt deal, Gold, 1962, slip on us debt limit deal, Fed rate hike bets, Bonds,3.767/yield rises as investors absorb key inflation data, Dollar,elevated as sticky inflation cements fed hike bets , debt ceiling deal lifts optimism,
Nifty:18598.65/99.3/0.54%;Candle:OGU, Doji; Bank Nifty:44311.9/293.9/0.67% Candle:OGU,Doji ; HB:OGU.Short day green, 1636,
News:IRCTC Q4 Results: Net profit rises 30% YoY to Rs 279 crore; final dividend declared, With $3.31-trillion valuation, India reclaims fifth spot in global stock market tally, The SGX Nifty indicates a flat start for the broader index with a loss of 5.5 points on Tuesday. SGX futures stood at 18,694.
Events/Results:Adani Ports and Special Economic Zone, Mankind Pharma, Torrent Pharmaceuticals, Action Construction Equipment, Aegis Logistics, Apollo Hospitals Enterprise, Astrazeneca Pharma India, Bajaj Healthcare, Birla Tyres, Gujarat Mineral Development Corporation, Graphite India, Greenply Industries, Heranba Industries, Indiabulls Real Estate, Insecticides (India), KRBL, Lemon Tree Hotels, Lumax Auto Technologies, Lux Industries, Marksans Pharma, Mazagon Dock Shipbuilders, Panacea Biotec, Patanjali Foods, PC Jeweller, Peninsula Land, Prestige Estates Projects, Rashtriya Chemicals & Fertilizers, Reliance Infrastructure, Suzlon Energy, Uflex, Vakrangee, V-Guard Industries, Vivimed Labs, and Welspun Corp will be in focus ahead of quarterly earnings on May 30.
The National Stock Exchange has not added any stock to its F&O ban list for May 30.
Market wrap up(DWM,T,N,E):The market extended gains for the third consecutive session on May 29, with the Nifty50 climbing to the highest level of the current calendar year. Banking and financial services, auto, FMCG and metal stocks supported benchmark indices. The BSE Sensex rallied 345 points to 62,846, while the Nifty50 jumped 99 points to 18,599 and formed a Doji kind of candlestick pattern on the daily charts, indicating indecisiveness among buyers and sellers about future trends, especially after a significant rally in the last few sessions. “The Nifty experienced a relatively stable trading session, after opening with an upside gap. However, it managed to break out of its consolidation phase, indicating a potential shift in market direction,” These observations suggest that the market may remain within a defined range with a bullish undertone in the coming days, On the broader markets front, the Nifty Midcap 100 and Smallcap 100 indices underperformed frontliners, rising 0.4 percent and 0.3 percent respectively
