Indian market ended day with negative bias, recovered from low in last hour due to weekly options expiry. DOW30 future was down around 300 points at time of our market close.
Wall Street recovered after 2 US Fed member plays down 100 bps rate hike. Probability reduced from above 80% to below 50% after their comment. US Data to watch today: Retail Sales & Core retail sales.
Approach on Indices: SGX Nifty opening around 16000 level, we can assume till support level on Nifty @ 15970 & Banknifty @ 34602 are hold on to.
HDFCBANK result tomorrow, going into result with muted expectation. Quarterly business updates were positive.
SGX Nifty @ 15996.50 up 63 points at 8:10 AM
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