Hog Kong slides 2% to new 2023 low, Asia markets mixed as China manufacturing contracts, Nik, 30857/-472/-1.51% Dj,33042/-51/-0.15% Vix17.46. US stock futures re little changed as traders await debt ceiling progress, in washington,
Oil,69.2,edges up after steep losses, ahead of US debt ceiling vote, Gold,1958.7, Bonds, 3.673, Dollar,sags versus yen after Japan warning, Aussie slides on chinese data,
Nifty:18633.85/%;Candle:OF,Doji; Bank Nifty:44436.35/124.45/0.28% Candle:OF,Short day green ; HB:OF,Doji,1641
News:The SGX Nifty indicates a flat start for the broader index with a loss of 54.5 points on Wednesday. SGX futures stood at 18,675.
Events/Results:Adani Ports Q4 Results: Net profit rises 5% to Rs 1,159 crore, Apollo Hospitals Q4 net profit rises 50.5% to Rs 146 crore, lags estimate, The SGX Nifty indicates a flat start for the broader index with a loss of 54.5 points on Wednesday. SGX futures stood at 18,675.
The National Stock Exchange has not added any stock to its F&O ban list for May 31.
Market wrap up(DWM,T,N,E):The market maintained an upward journey for the fourth consecutive session with the Nifty50 closing at a five-and-half-month high on May 30, driven by select banking and financial services, FMCG and technology stocks. “Despite the muted beginning, the overall trend remained positive as the index stayed above critical moving averages. Furthermore, the Relative Strength Index (RSI) showed a bullish crossover, indicating a favourable market sentiment,” However, resistance was observed at the 18,800 mark, which could potentially limit further upside movements, The broader markets also ended with moderate gains, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.25 percent and 0.22 percent respectively.
