Asia markets mixed as wall street indexes record second week of losses, Nik, 29507/118/0.4% Dj,33301/-9/-0.03% Vix17.03/0.59%, S&P closes lower Friday following disappointing consumer sentiment data,
Oil, 70.1,prices fall on stronger dollar, demand fears, Gold,2015.6, falls for the week on stronger dollar, Bonds,3.463,yields climb as investors weigh US economic and monetary policy outlook, Dollar, notches biggest weekly rise since February, Bc 26805/-70/-0.26%
Nifty:18314.8/17.8/0.1%;Candle:Of,Short day green; Bank Nifty:43793.55/318.25/0.73% Candle:OF,Short day green ; HB:Long day green,1671,
News:The SGX Nifty indicates a negative start for the broader index with a loss of 71 points on Monday. SGX futures stood at 18,256. Sebi moots regulatory framework for fractional ownership platforms offering real estate, Cipla’s Q4 net profit surges 45% on year to Rs 525.65 crore, lags estimate,
Events/Results:PVR Inox, Asahi India Glass, Astral, Century Plyboards, Coromandel International, Emkay Global Financial Services, Kalyan Jewellers India, Patel Engineering, PCBL, Pfizer, Procter & Gamble Health, Skipper, Suryoday Small Finance Bank, Tube Investments of India, Ugro Capital, and Vascon Engineers will be in focus ahead of quarterly earnings on May 15.
The National Stock Exchange added Delta Corp, & GNFC, and retained Punjab National Bank, Canara Bank, BHEL and Manappuram Finance on its F&O ban list for May 15. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
Market wrap up(DWM,T,N,E):Equity benchmarks recouped losses in the afternoon trade and finally settled with moderate gains on May 12, but the broader markets were under pressure with the Nifty Midcap 100 and Smallcap 100 indices falling 0.4 percent and 0.75 percent on weak breadth. The BSE Sensex climbed 123 points to 62,028, while the Nifty gained 18 points to close at 18,315 and formed a bullish candlestick pattern with small upper shadow and long lower shadow on the daily charts. “This pattern reflects ongoing rangebound action in the market within high-low range of 18,400-18,200 levels,” Though Nifty placed at the hurdle of 18,300 levels, the market is not gaining any momentum to show an upside breakout of the resistance. At the same time, there is lack of sharp weakness or reversal pattern from near the hurdle, the short-term trend of the Nifty to be range-bound with positive bias. “A decisive move above the 18,400 levels could open the next upside of around 18,600-18,700 levels in the near term. Any weakness from here could find support around 18,180-18,200 levels,”
