Asia markets mixed ahead of BOJ rate decision, Nik, Dj,34408/428/1.3% Vix 145/4.5% US stock futures slip ,but wall street look towards winning week,
Oil,70.5, up 3% on strong china refinery data, weaker US dollar, Gold,1973, Bonds, 3.734 as investors digest Fed rate decision , policy guidance, Dollar, euro advance reach 15 year peak vs yen, after ECB lifts rate, BC25497/-387/-1.5%
Nifty:18688.1/-67.8/-0.36%;Candle:OF,Long day red; Bank Nifty:43443.6/-544.4/-1.24% Candle:OF,Long day red ; HB:1581,Of,Long day red
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 78 points on Friday. SGX futures stood at 18,838. Exclusive: Banks, LIC appoint SBI Capital Markets as merchant banker for stake sale in UTI mutual fund, say sources, IKIO Lighting IPO | Expect strong listing, can book partial profits, say analysts
Events/Results:The National Stock Exchange has added L&T Finance Holdings, and Tata Chemicals to its F&O ban list for June 16 and retained BHEL, Delta Corp, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, Manappuram Finance, and Zee Entertainment Enterprises.
Market wrap up(DWM,T,N,E):The market has seen a correction for the first time in the last four consecutive sessions, on June 15, after the Federal Reserve’s hawkish commentary hinting at the possibility of two more rate hikes in the coming period. Selling was seen in banking and financial services, and technology stocks. The BSE Sensex fell 311 points to 62,918, while the Nifty50 dropped 68 points to 18,688 and formed a Bearish Engulfing candlestick pattern on the daily charts, indicating the possibility of bearish sentiment in the short term, but the index defended 18,600 levels. “The formation of a High Wave pattern on Wednesday and Bearish Engulfing pattern on Thursday indicate short-term top reversal pattern for the Nifty,” Thursday’s high of 18,794 levels could now be considered as a new higher top of the sequence. Hence, one may expect further weakness in the short term to form a new higher bottom at the lows, The near-term uptrend of the Nifty remains positive and present weakness is expected to find support around 18,500 levels in the next few sessions, he said, adding that a decisive move below 18,500 is expected to open sharp weakness in the near term. However, the Nifty Midcap 100 and Smallcap 100 indices continued to trade in positive terrain for the fourth straight session, rising around 0.2 percent each.
