Asia markets mostly higher as US debt ceiling bill passes house votes, Nik,31347/200/0.64% Dj,33062/153/0.47% Vix15.65/-13% US stock futures inch higher as wall street eyes US may jobs report,
Oil,70.81,steadies as higher inventories, balance US debt bill progress, Gold,1996.3, prices rise on private pay roll, data as traders measure Fed policy path, Bonds,3.616, falls as traders weigh new economic data, debt ceiling progress, Dollar,retreats as Fed pause eyed, debt deal clears house, BC 26962/-96/-0.37%
Nifty:%;CandleOF,Short day red; Bank Nifty:% Candle:OGD,Short day red, ; HB:OGU,Short day red,1608,
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 70.5 points on Friday. SGX futures stood at 18,615. GST collections in May cross Rs 1.57 lakh crore, up 12% YoY, India’s economy likely to grow in 6.5-6.7% range in FY’24: CII President,
The National Stock Exchange has not added any stock to its F&O ban list for June 2.
Events/Results:
Market wrap up(DWM,T,N,E):The market continued to trend lower for the second consecutive day, with the benchmark indices falling a third of a percent dented by banking & financial services on June 1. The BSE Sensex fell 194 points to 62,429, while the Nifty50 slipped 47 points to 18,488 and formed a Bearish Belt Hold kind of pattern on the daily charts, which is a bearish reversal pattern but needs confirmation in the following session , “Nifty remains in an uptrend with trend support placed at 18,150. As long as the index maintained this level we expect the uptrend to continue towards 18,800-19,000,” For the short term, he is looking at 18,400-18,450 as a support zone. Breach of the trend levels could infuse volatility, he feels. The broader markets continued to perform better than benchmarks for yet another session. The Nifty Midcap 100 and Smallcap 100 indices gained 0.15 percent, and 1.02 percent, respectively as breadth tilted in favour of advances.
