GDP is estimated to have grown 7.2%, according to the second advance estimates of national income, as compared with 9.1% in FY22.
US debt ceiling bill passes House with broad bipartisan support. Wall Street ended with minor cuts as fear on interest rate hike continues. US debt deal need to be passed through senate before 5-Jun-23.
Adani To Raise $3.5 Billion From Share Sale, in three Group Companies. ADANIENT, ADANITRANS & ADANIGREEN in focus.
F&O data: FII were net seller by 21752 contracts in index futures. Nifty PCR @ 0.99 Vs 1.32 previous. Banknifty PCR @ 0.82 Vs 1.22 previous.
Approach on Indices: Technical indicates indices have satisfied near term correction requirement, weekly index options expiry today – Nifty range seen between 18500 – 18600 & Banknifty range seen 44000 – 44300 with positive bias.
SGX Nifty @ 18606.50 down 57.50 points at 8:20 AM