Wall Street was up around 1% – 2.5% in last 2 trading session as Indian market was closed on Thursday. Wall Street witness relief rally as banking crisis fears ease.
Government To Borrow Rs 8.88 Lakh Crore In First Half Of FY24. Gross borrowings for the full fiscal are pegged at Rs 15.43 lakh crore.
Gold & Silver trading near recent highs, Gold is trading just below $2000, crude oil rise around 8% – 10% from lows on supply disruption from middle-east and production cut from Russia.
VIX @ 13.63: cool-off below 14 could trigger short covering.
F&O data: FII net short position rises to 90.87% as start of fresh series. Nifty PCR 1.05 Vs 0.80 previous. Banknifty PCR @ 0.94 Vs 0.91 previous.
Approach on Indices: Technical shows perfect base formation managing to hold lows of mid-March on Nifty @ 16825 & Banknifty @ 38613. Major rally on above Nifty @ 17201 & Banknifty @ 40503.
SGX Nifty @ 17252 up 17 points compared to 17235 at 8:05 AM