Indian market witness late pressure due to weekly options expiry as Banknifty took major dip below 44000 to close 43790. Auto stocks were mostly on positive side ahead of monthly sales data.
Wall Street Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal Reserve will pause hiking interest rates and investors cheered a vote in Congress to suspend the U.S. debt ceiling.
GST collections in May for transactions in April stood at Rs 1,57,090 crore, an increase of 12% over a year earlier, according to data released by the Ministry of Finance on Thursday.
F&O data: FII continue to unwind long position & add short position & net short by 22693 contracts in index futures.
Approach on Indices: Indices indicate gap-up opening of around 70 – 80 points, likely to recover last hour fall seen yesterday. Nifty @ 18619 & Banknifty @ 44360 will act as resistance / target level.
SGX Nifty @ 18640.50 up 77 points at 8:30 AM