Core sector growth surges to 18.1% in May. IIP numbers will get boost from this numbers for month of May to be released in 2 weeks. Fiscal deficit at 12.3% of full year target.
VIX @ 21.84: remains within comfortable range, will turn cautious only above 24 – 25 level.
Approach on Indices: F&O expiry for June series over, soon monthly data to start flowing and quarterly result season. Nifty @ 15563 & Banknifty @ 33006 watching out support level on Indices.
RBI Financial stability report released on 30-Jun-22: sees bad loan falling in FY23. Baseline scenario – Gross NPA to fall from 5.3% from 5.9%. Asset quality improved in FY22. Positive for Banking stocks.
SGX Nifty @ 15716.50 down 6 points at 8:05 AM
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