CUES FOR TODAY
- Gift Nifty suggests flattish opening
Two Major Macro Cues over the Weekend
- 1. Lag Indicator – India’s Q4 GDP grew 7.4%, higher than expected
- 2. Lead Indicator – May Auto Sales data - M&M, TVS, Eicher do better while Hero & Tata Motors soften
IMP TO WATCH:
- Russia-Ukraine conflict escalates.
- Oil at $63, softens as OPEC+ increase production
- Gold above $3300, rises on global uncertainty
METALS IN FOCUS
- Trump plans to double tariffs on steel, aluminium to 50% from June 4
WALL ST ON FRIDAY
- Dow +0.13%
- S&P ended flat
- Nasdaq -0.32%
INDIA: CASH MARKET FLOWS
- DII +9096 Cr
- FII -6450 Cr
F&O CUES
- FIIs also sold 1081 Cr in Index Futures
- FIIs add ~6500 short contracts
- FII longs at 19%, shorts at 81% in Index Futures
KEY INDICES
- Nifty Broad Range seen b/w 24500-25100
- Nifty Bank in focus ahead of RBI Policy Outcome on Friday
TWO LISTINGS TODAY
- Schloss Hospitality (Leela Hotels)
- Aegis Vopak
OTHER STOCKS IN FOCUS
- Good Results from Nykaa
- Manappuram: Enters F&O Ban
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