Wall Street had another flat session, as market awaits US CPI & Core CPI data next week ahead of US Fed meeting on 14-Jun-23.
India’s GDP growth for FY24 is seen at 6.3% as compared with a previous estimate of 6.6% in January, according to its latest Global Economic Prospects report.
HAL gets in-principle nod for deal with GE to make engines in India: Sources. Deal likely to get signed when PM visit U.S. later in June.
F&O data: FII were net seller by 10457 contracts, now FII have turned net short with 46.19%:53.81 long: short exposure.
Approach on Indices: Indices are seeing sideways consolidation and we expect positive break-out. RBI MPC policy outcome tomorrow morning will provide directional move.
Market View: Defense stocks were in focus, news of HAL deal with GE, Mid-cap & Small-cap will continue to remain in focus as it could benefit 600 MSME companies. Broader market will take directional move only after RBI MPC decision.
SGX Nifty @ 18704 up 25 points at 8:35 AM