Indian market witness late recovery in relatively quite session yesterday, Banknifty was up 1.20% outperformed.
Trade deficit rose to $25.6 billion in June, a record high, compared with $24.3 billion in the preceding month, Exports rose 16.8% year-on-year to $37.9 billion. On a month-on-month basis, exports fell 2.6%.
VIX @ 20.97: Yesterday made an attempt to cross 22 level but later cooled-down in 2nd half as Indices rallied.
Approach on Indices: Review on long position in short term – Nifty @ 15563 & Banknifty @ 33156.
SGX Nifty @ 15836 up 12.50 points at 8:15 AM
SGX Nifty indicates flat opening after surprising 2nd half rally yesterday. Economic data from US & Europe will start from tomorrow, today also there is no major global cues. IT stocks would be in focus ahead of TCS result on 8-Jul-22. FII constant selling continue to remain a key concern going into result season.
Categories
Daily Report 5-Jul-22
Indian market witness late recovery in relatively quite session yesterday, Banknifty was up 1.20% outperformed.
Trade deficit rose to $25.6 billion in June, a record high, compared with $24.3 billion in the preceding month, Exports rose 16.8% year-on-year to $37.9 billion. On a month-on-month basis, exports fell 2.6%.
Click on the attachment to read the full report: