Market Note:
- The market is likely to open strong as SGX Nifty gains 133 points or 1.40 percent.
Today’s Q4 results:
- V-Guard Industries
- Orient Electric
- Birla Cable
- NK Industries
- Capital India Finance
- Universal Cables
- Faze Three Autofab
- Magna Electro
- Srikalahasthi Pipes
- Ultramarine Pigments
Key Points:
- HCL company showed intention to obtain Cisco’s self-optimizing network technology.
- UCO Bank reduced its lending connected to RBI’s repo rate by 40 points. Moreover, this will make loans cheaper for MSME’s borrowers.
Market Expectations:
- Nifty June Futures: Support- 9450/9380 Resistance- 9700/9880
