Asia market rise as wall street snaps 3 day losing streak,Nik,32401/71/1% Dj,33944/209/0.62% Vix 15.1/1.6% US stock futures are little changed as traders look ahead to key inflation data, BC30511/207/0.84%
Oil, Gold, Bonds, Dollar, dollar falls to 3 week low vs yen ;inflation data boosts Norway’s crown
Nifty:19355.9/24.1/0.12%;Candle:OGU,Doji; Bank Nifty:44860.85/-64.15/-0.14% Candle:OF,Doji ; HB:OF,Doji,1661,
News:The GIFT Nifty indicates a positive start for the broader index with a gain of 24 points on Tuesday. The futures stood at 19,480. Direct tax collections at Rs 4.75 lakh crore, up 15.87% so far in FY24, Vedanta Ltd plans to go ahead with its semiconductor business venture despite Taiwan’s Foxconn pulling out of the joint venture which planned to invest $19.5 billion to set up a manufacturing unit in Gujarat, the metals and mining company said late July 10.
Events/Results:PCBL, Elecon Engineering Company, Excel Realty N Infra, Generic Engineering Construction and Projects, Plastiblends India, Eiko Lifesciences, and Welcure Drugs & Pharmaceuticals will be in focus ahead of the quarter earnings on July 11.
The NSE has added Indiabulls Housing Finance, Punjab National Bank, and Zee Entertainment India to its F&O ban list for July 11, while retaining Granules India, India Cements, BHEL and Delta Corp.
Market wrap up(DWM,T,N,E):The market managed to end with moderate gains due to recovery in late trade amid a rangebound session while taking support at 19,300 on the Nifty for yet another day on July 10. However, the broader markets remained under the control of bears. The BSE Sensex gained 64 points to settle at 65,344, while the Nifty50 rose 24 points to 19,356 and formed a bearish candlestick pattern with upper and lower shadows on the daily charts with above-average volumes. The index traded within the previous day’s range and overall, has been consolidating in the 19,300-19,500 range for the last five trading sessions, indicating uncertainty about the further trend in the market. “Both the Call & Put writers are battling it out at 19,400 strike in the Nifty to dethrone the other, which makes it an important level to monitor on Tuesday,” On the broader markets front, the Nifty Midcap 100 index corrected 0.4 percent and Smallcap 100 index gained 0.6 percent
