BSE Sensex and Nifty 50 had been probably to open in the green on Monday, as recommended by SGX Nifty. In the earlier session, equity indices on Dalal Street ended reduced right after the RBI announced to retain the repo price unchanged. Broader markets indices S&P BSE MidCap and S&P BSE SmallCap outperformed the benchmarks. Global cues had been mixed through the early hours of trade even though Wall Street indices climbed in overnight trade on Friday. Factors such as corporate outcomes, stock-precise developments, oil rates, rupee movement and other international cues will guide the stock markets in today’s session.
Global watch: Asian stock markets had been trading mixed on Monday with Japan’s Nikkei gaining .33 per cent. The Topix index and South Korea’s Kospi had been marginally up. US stocks climbed on Friday, lifted by technologies stocks. The Dow Jones Industrial Average rose .43 per cent, the S&P 500 gained .83 per cent, and the Nasdaq Composite added 1.5 per cent.
Results today: Union Bank of India, Central Bank of India, Mrs Bectors Food Specialities, Dynamatic Technologies, MRF, New India Assurance Company, Shree Pushkar Chemicals & Fertilisers, SMC Global Securities, SMS Lifesciences India, Tower Infrastructure Trust, Victoria Mills, and Yuken India, amongst other people are scheduled to announce their January-March quarter earnings on June 7.
Vijaya Diagnostic files IPO papers: Vijaya Diagnostic Centre has filed preliminary papers with capital markets regulator Sebi to raise funds by means of an initial share-sale. The initial public give (IPO) is totally an give for sale of 3.56 crore equity shares by the promoters, Dr S Surendranath Reddy and investors Karakoram Ltd and Kedaara Capital Alternative Investment Fund.
Technical speak: Chartists think that the brief term up trend status of Nifty remains intact and the last two sessions consolidation movement has not changed the positive sentiment of the industry. “The next upside levels to be watched around 15800-15900 levels, before showing any downward correction from the highs. This could be achieved by next week. Immediate support is placed at 15600 levels,” mentioned Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
FII and DII information: On Friday, foreign institutional investors (FIIs) purchased shares worth Rs 1,499.37 crore, even though domestic institutional investors (DIIs) offloaded shares worth Rs 1,175.01 crore on a net basis in the Indian equity industry.