Nifty futures had been trading 38 points larger at 15,813 on Singaporean Exchange. The trends on SGX Nifty indicated a positive opening for BSE Sensex and Nifty 50 on the last day of the week. In the absence of any big occasion in the domestic market place, Indian share markets will closely watch worldwide cues, along with COVID-19 situations and the pace of vaccination drive. Asian stock markets had been seen trading mixed, even as S&P 500 made a record closing on Wall Street in overnight trade. Analysts think that Nifty remains in positive territory and may possibly move towards 16,000.
Global markets: Shares in Asian stock markets had been seen trading mixed. Japan’s Nikkei 225 was up .3 per cent though the Topix fell .12 per cent Over in South Korea, the Kospi edged practically half a per cent larger. Shares in Australia had been larger as the S&P/ASX 200 climbed .12 per cent. Wall Street stocks ended larger on Thursday, with the S&P 500 closing above its prior record higher set on May 7. The Dow Jones Industrial Average rose .06 per cent, the S&P 500 gained .47 per cent, and the Nasdaq Composite added .78 per cent.
Call OI, Place OI: The maximum Place open interest (OI) was seen at 15,700 strike, implying a help for Nifty 50 at 15,700 level. This was followed by 15,400 strike. While the highest get in touch with OI was seen concentrated at 15,800, followed by 15,750 strike, according to NSE.
Nifty help, resistance levels: The brief term uptrend status of Nifty remains intact and the current weakness is anticipated to be overtaken in the brief term, stated an analyst. “A sustainable move above 15800 is expected to open another 200-300 points upside for the market ahead. Crucial support is placed at 15600,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, stated.
Results today: A total of 57 BSE-listed corporations such as BEML, BHEL, CG Power, Cochin Shipyard, DLF, Edelweiss Financial Services, Goa Carbon and Sun Television, amongst other individuals scheduled to announce their March quarter benefits on June 11.
Dodla Dairy, Krishna Institute of Medical Sciences IPO value bands fixed: The IPOs of Dodla Dairy, Krishna Institute of Medical Sciences will open on June 16, 2021. The value band for Dodla Dairy is fixed at Rs 421-428 per share. While for Rs 2,143.74-crore KIMS, it is fixed at Rs 815-825 per share.