June 5 Market estimate: Asian peers signal towards a positive start for Indian indices

Market Note:

  1. Today the Indian market is possible to open a flat to positive as hinted by SGX trends.

Today’s Events:

  1. US Non-farm payroll (MAY)

Today’s Q4 results:

  1. SBI
  2. L&T
  3. Exide Industries
  4. Alkem Laboratories
  5. Gateway Distriparks
  6. Greaves Cotton
  7. Gujarat Gas
  8. HFCL
  9. Infibeam Avenues
  10. Jyothy Laboratories
  11. Suven Life Sciences

key Points:

  1. Abu Dhabi Sovereign fund Mubadala Investment Company will invest Rs. 0,093.6 crore in Jio Platforms.
  2. On Friday, Oil prices eased slightly. Moreover, the market waits to see whether produces will commit towards an extension of record production cuts.
  3. In addition, as exports hit a 10-year low, US deficit broadens.
  4. Market: In pre-open, the Indian indices are trading higher with Nifty above 10,100.

Market Expectations:

  1. Nifty June Futures: Support- 9950/9900  Resistance- 10110/10200

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