Wall Street witness some profit booking as trading near its recent high as all major central banks policy is out. US Fed chair Jerome Powell testimony this week will be key event.
Defense stocks will be in focus as PM Modi’s visit to U.S. – there is already HAL & G.E. deal which is announced, details of the deal will provide further clarity.
F&O Data: FII are net long in Index futures by 18385 contracts, long: short exposure now stands at 55.13%:44.87%.
VIX @ 10.84: trading near lower end of the range.
Approach on Indices: SGX Nifty indicate flat opening, Nifty likely to test new life time high and see some profit booking. Banknifty above 44360 could test new high. Indices likely to trade in narrow range.
SGX Nifty @ 18909 up 11 points at 9:00 AM