Nifty Morning Outlook on 04-06-2020
Nifty future opening expected to be negative in the range of 10038 – 10048.
| S2 | S1 | R1 | R2 | |
| Nifty Future | 9875 | 9985 | 10150 | 10200 |
| Bank Nifty Future | 20370 | 20600 | 21030 | 21620 |
USDINR Movement On 03-06-2020: INR closed negative at 75.6878/USD (+0.36 or +0.48%) on NSE
Trade Statistics on 03-06-2020: The turnover of cash and F&O in NSE
| Cash (Rs. Crores) | F&O (Rs. Crores) |
| 65,927.80 | 17,25,770.69 |
FII and DII activities in cash segment:
On 03-06-2020 FII net Bought equities worth Rs. cr., While DII net Bought equities worth Rs. cr.
Stocks to watch:
Tata Steel
- Company said its committee of directors has approved raising Rs 400 crore through a debt issue. In a filing to the BSE, the company said the committee approved allotment of 4,000 non-convertible debentures having face value of Rs 10 lakh each on private placement basis to identified investors.
Jindal Steel & Power
- JSPL records a 28% YoY rise in monthly steel sales volumes with the revival of domestic demand.
News Flash:
- GAIL India & EESL signed an MOU for trigeneration projects.
- DB Corp | CARE revised long term credit rating to AA+/Stable from AAA/Stable.
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RAKHI PAWAR
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INDEX TRADING – BANGALORE
