Asia markets set to fall ahead of Fed policy decision, tracking losses on wall street, Nik,29157/35/0.12% Dj,33684/-367/-1.1% Vix17.78/10.6% US stock futures fall slightly as investors look ahead of Fed rate decision, BC 28554/627/2.28%
Oil,71.68,falls on US default and interest rate hike worries; Gold,2022.3, advances on fresh banking jitters as FEd verdict looms, Bonds,3.443, fall as investors await fed meeting ,weigh policy expectations, Dollar, dollar pairs gains after data, Fed meeting in focus, BC 28586/654/2.4%
Nifty:18147.65/82.65/0.46%;Candle:Of,Doji; Bank Nifty:43352.1/118.2/0.27% Candle:OF,Doji ; HB:OF,Doji,1689,
News:SGX Nifty indicates a negative start for the broader index with a loss of 71 points after the Nifty closed 82 points higher at 18,147 on Tuesday. SGX futures stood at 18,149. Titan Q4 preview: Net profit may rise 50% to Rs 737 crore aided by shift in wedding season., Ambuja Cements Q4 earnings beat estimates, profit grows 1.6% to Rs 502 crore,
Events/Results:Titan Company, ABB India, Tata Chemicals, Petronet LNG, AAVAS Financiers, Anupam Rasayan India, Adani Wilmar, Bajaj Consumer Care, Cholamandalam Investment and Finance Company, Godrej Properties, Havells India, Jyothy Labs, KEC International, Mold-Tek Packaging, MRF, R Systems International, SIS, Sona BLW Precision Forgings and Sula Vineyards will be in focus ahead of quarterly and full-year earnings on May 3.
The National Stock Exchange has not added any stock to its F&O ban list for May 3.
Market wrap up(DWM,T,N,E):The upward journey of the market continued for the sixth consecutive session on the Nifty50 on May 2, driven by technology, metal, oil & gas, auto, and select bank stocks. The broader markets performed better than front liners as the Nifty Midcap 100 index gained 1 percent and the Smallcap 100 index rose 0.7 percent on positive breadth. The BSE Sensex rallied 242 points to 61,355, while the Nifty50 jumped 83 points to 18,148, and formed small bodied bullish candlestick pattern on the daily charts. The Nifty is trading near a crucial resistance of 18,200 and once surpassed will witness further short covering towards the 18,400 level,” the downside support is at 18,000 where aggressive Put writing is visible. The undertone remains bullish and one should keep a buy-on-dip approach,
