Asia markets to fall as wall street rally takes breather, Australia’s central bank decision ahead, Nik,32030/-182/-0.57% Dj,33562/-199/-0.59% Vix14.76,0.89% US stock futures are down slightly on monday evening after rally takes a breather,
Oil,71.9, rises after Saudi arabia pledges more voluntary cut, Gold,1977, rebounds after US services slowdown, boosts Fed pause bets, Bonds,3.683, treasury yield dips as investors assess interest rate outlook, key economic data, Dollar,falls after week services data, BC
Nifty:18593.85/59.75/0.32%;Candle:OGU,Inverted hammer; Bank Nifty:44101.65/163.8/0.37% Candle:OGU,Inverted hammer ; HB:1604,OGU< short day green,
The National Stock Exchange has added Indiabulls Housing Finance, India Cements, and Manappuram Finance to its F&O ban list for June 6.
Market wrap up(DWM,T,N,E):The buying interest in the market amid consolidation continued for yet another session on June 5, backed by auto, select banking and financial services, metal and pharma stocks. Positive Asian cues also aided the northward journey of the Indian equity benchmarks. The BSE Sensex rose 240 points to 62,787, while the Nifty50 climbed 60 points to 18,594 and formed a bearish candlestick pattern with an upper shadow on the daily charts but negated lower highs of the previous three consecutive sessions. “Technically, this pattern indicates a lacklustre type movement in the market at the highs. The upper area of 18,600-18,700 has been acting as a crucial hurdle as of now,” Nifty’s short-term trend continues to be positive with rangebound action. “The present consolidation movement is expected to continue within a high low range of 18,700-18,500 levels in the next 1-2 sessions. A decisive move above 18,700-18,800 is expected to bring more upside for the near term,” The broader markets continued the uptrend for more than a couple of weeks now, with the Nifty Midcap 100 index up 0.14 percent and Smallcap 100 index rising 0.36 percent.
