May 29: Trends on SGX Nifty indicates low opening for Indian Indices

Market Note:

1. Likely to open on a negative note owing to lower global indice

Today’s Events:

1. The Central Statistics Office will release GDP growth estimates at 5.30 pm IST for Q4 and FY20.
2. US Personal Spending (April)
3. US Personal Income (April)

Today’s Q4 results:

1. 3M India
2. Voltas
3. Procter & Gamble
4. V-Mart Retail
5. Sundaram-Clayton
6. Equitas Holdings
7. Jagran Prakashan

Key Points:

1. Yes Bank to not be available for trading in Futures and Options segment from today.
2. Market at Pre-open: Benchmark Indices opened lower with Nifty at 9478.65.
3. As for Reliance Industries, today is the final trading day for RIL Rights Entitlement.
4. Oil prices have declined as the US demand for fuel stays down.

Market Expectations:

1. Nifty June Future: Support: 9350/9285 and Resistance: 9485/9550