Asia markets rise after Biden signs Debt ceiling bill, Oil surges on opec+ cuts , Nik, 32076/551/1.8% Dj,33762/701/2% Vix14.6/-6.7% Dow leaps 700 points on hot jobs report ,Nasdaq notches sixth straight winning week,US stock futures are little changed after s&p 500’s best week since March, BC27070/-70/-0.26%
Oil,71.9, jumps 2% after US debt deal and jobs data as focus turn to OPEC, Gold,1964.3,falls as yield gains after US payroll rise, Bonds,3.698, jumps on stringer than expected jobs data, Dollar,jumps on surprise boost in May payrolls. BC
Nifty:18534.1/46.35/0.25%;Candle:OGU,Doji; Bank Nifty:43937.85/147.65/0.34% Candle:OGU,Doji ; HB:OGU,Short day red,1607.
News:The SGX Nifty indicates a marginally higher start for the broader index with a gain of 88.5 points on Monday. SGX futures stood at 18,717 , FPIs investment hit 9-month high at Rs 43,838 crore in May on strong domestic macro-outlook, reasonable valuation, RBI likely to maintain pause on interest rate as inflation moves southwards: ,
Events/Results:
The National Stock Exchange has not added any stock to its F&O ban list for June 5.
Market wrap up(DWM,T,N,E):The market recouped the previous day’s losses and snapped a two-day losing streak on June 2, on broad-based buying, with the Sensex closing 119 points higher at 62,547 and the Nifty50 ending at 18,534, up 46 points. The Nifty, which traded within the previous day’s range, formed a small bodied bearish candlestick with minor upper and long lower shadows on the daily charts. The pattern indicates formation of Inside Bar candle with overlapping candles. “The positive chart pattern like higher tops and bottoms continued as per daily timeframe chart and the present consolidation could be in line with the higher bottom formation of the pattern. The higher bottom reversal pattern has not been confirmed yet,” Considering the recent consolidation and the subsequent negation of such bearish patterns, one can expect a bounce in the market in the coming week, he said. For Nifty, immediate support is at 18,400-18,300 and the upside hurdle is at 18,650-18,850, The broader market outperformed the benchmark. Nifty midcap 100 and smallcap 100 indices gained half a percent each.
