2021-06-01 06:17:03
Systematix Daily Market Updates:Domestic Markets:Indian Benchmark Indices ended higher on Monday led by strong gains in metals, FMCG and financial stocks. Sensex and Nifty gained 1.00% and 0.95% to close at 51937.44 and 15,582.80 respectively. Nifty Midcap and Smallcap indices supported the market gains as they gained 0.31% and 0.14% respectively.
Global Markets:US market were closed on Monday. European markets closed mixed on Monday. CAC and DAX dropped 0.57% and 0.64% respectively as investors digested inflation data from some of the region's biggest economies on a quiet day due to holidays in the UK and US whereas FTSE gained 0.04%. Asian markets were mixed in today's morning as investors await the release of a private survey on Chinese manufacturing activity in May. SGX Nifty indicate a positive opening for index in India.
News Highlights:- Aurobindo Pharma Q4 net down by 7.2%
- IRB InVIT FY21 profit rises 5% to Rs.181 cr
- PNB HFC raising up to Rs.4000 cr in equity; Carlyle group among investors.
- India's GDP contracted by 7.3% in 2020-21, with revival postponed to 2022-23.
Technical Outlook:Nifty has formed bullish body candle and continued its positive momentum. It has closed above 15500 which may act as strong support whereas 15640 is resistance.
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