INSUBCONTINENT EXCLUSIVE:
The SP 500 futures were down 0.1% after dropping as much as 0.3%.
The SP BSE Sensex opened the week on Monday on a positive note
At 9:55 am, the 30-share pack was at 35,602.27, up 158.60 points or 0.45 per cent while the broader Nifty50 was at 10,813.80, at a gain of
46.15 points or 0.43 per cent
(up 1.37 per cent), Reliance Industries (up 1.25 per cent), Cipla (up 1.18 per cent), and IndusInd Bank (up 1.15 per cent).The banking pack
was up as eight out of 12 stocks of the Nifty Bank index traded with gains
Nine out of 12 stocks of the Nifty PSU Bank index were in the green."(US) Federal Reserve interest rate hike decision and target interest
rate on June 13 will be a key factor to determine near term trend in the market
Moving ahead Indian markets will depend on key economic data of industrial production on June 12, and wholesale price index on June 14
Monsoon and crude prices will also determine the Indian markets ahead," said Rahul Sharma, senior research analyst at Equity99.The Met
department has predicted "heavy to very heavy rain" at a few places in coastal Karnataka, Konkan, Goa, Assam, Meghalaya, Nagaland, Manipur,
Mizoram, Tripura, Odisha and Kerala, today.In the global markets, Asian stocks shook off initial modest losses and edged up ahead of a
US-North Korea summit that might ease regional tensions, while investors also started to focus on key central bank meetings later this
week.Stocks dipped after US President Donald Trump backed out of a joint Group of Seven communique over the weekend, in a blow to the
group's efforts to show a united front
MSCI's broadest index of Asia-Pacific shares outside Japan slipped early but was last up 0.15 per cent, according to a report by news
Hong Kong's Hang Seng gained 0.3 per cent while the Shanghai Composite Index fell 0.5 per cent
Nifty50 at 10,767.65 level.(With Reuters inputs)
