Asia markets slip after Fed rises rates, and hints hike could end, Nik,29158/34/0.12% Dj, 33414/ -270/-0.8% Vix18.34/3.2% S&P 500 futures slip after federal reserve hike rates, bank contagion fears return
Oil,68.81,lose ahead of expected interest rate hikes, Gold,2035;holds ground with Fed rate verdict in sight, Bonds,3.379, yields fall as investors await fed interest rate decision, Dollar,dips before expected fed hike and possible cause, BC 28735/-42/-0.12%
Nifty:18089.85/-57.8/-0.32%;Candle:OGD,Doji; Bank Nifty:43312.7/-39.4/-0.09% Candle:OGD,Doji, ; HB:ogd,Short day green,1693,
Events/Results:Housing Development Finance Corporation, Hero MotoCorp, Adani Enterprises, Dabur India, Tata Power, TVS Motor, Sundram Fasteners, 360 ONE WAM, Aptus Value Housing Finance, Blue Star, Bombay Dyeing & Manufacturing Company, CEAT, Firstsource Solutions, IDFC, Jammu & Kashmir Bank, Mindspace Business Parks REIT and United Breweries will be in focus ahead of quarterly earnings on May 4.
The National Stock Exchange has added Manappuram Finance to its F&O ban list for May 4.
Market wrap up(DWM,T,N,E):The market snapped a six-day winning streak on the Nifty50, on May 3, as the selling pressure was seen in metal, technology, select oil & gas, and banks stocks. The broader markets also remained volatile, ending on a mixed note with the Nifty Midcap 100 index rising a third of a percent and Smallcap 100 index falling one-tenth of a percent.The BSE Sensex fell 161 points to 61,193, while the Nifty50 declined 58 points to 18,090 and formed a bearish candlestick pattern on the daily charts, negating higher highs of the last six straight sessions. “A small negative candle was formed on the daily chart with a minor lower shadow. The smaller decline at the highs could signal a lack of sharp selling participation in the market,” “There is a possibility of further consolidation or minor weakness for the next 1-2 sessions before showing an upside bounce from the higher lows. Immediate support is at 17,900 levels,”
