June 2 Market Open: Asian Trends suggest a flat start for Indian Indices

Market Note:

  1. The Indian indices are likely to open flat as SGX faces a loss of 20 points or 0.2 percent.


Today’s Q4 results:

  1. Britannia
  2. Interglobe Aviation Limited
  3. Motherson Sumi
  4. Zydus Wellness
  5. Granules India
  6. Sun Pharma Advanced
  7. Transport Corp
  8. ASM Tech
  9. SPARC
  10. Indigo

key Points:

  1. At 7.50 IST, the Nifty futures were trading around 9,814 on the Singaporean Exchange.
  2. Moody’s Investors Services has lowered India’s rating to BAA3 from BAA2. Moreover, it changed its short-term local currency rating to P-3 from P-2.
  3. In addition, oil prices increased in early trade on Tuesday.
  4. Market: Indices are trading firm in the pre-opening with Nifty above 9900.

Market Expectations:

  1. Nifty June Futures: Support- 9715/9650  Resistance- 9855/9920