Markets may be in mixed cues

15 Jun 2023 , 09:16 AM

Indian stock markets may see a mixed trading day today. Yesterday, markets finished the day with significant gains.

Globally, US markets closed on a sluggish note after US Fed Reserve decided to pause interest rate hike, as much anticipated by the investors. Nasdaq closed 53 points higher. S&P 500 ended marginally up.

Asian peers are trading with modest gains after the US Fed’s decision. Shanghai SE Composite closed 0.09% higher. Hong Kong’s Hang Seng is up by 0.52%. Japan’s Nikkei 225 is trading 0.34% higher. Taiwan index is trading with a gain of 0.32%. South Korean index ‘Kospi’ is trading 0.41% lower.

Tata Consumer, Grasim Industries, JSW Steel, Tata Steel, and Power Grid were the top gainers in yesterday’s session. IndusInd Bank, Bajaj Finance, Bharti Airtel, Axis Bank, and Hero MotoCorp led the losers’ chart.

Oil prices edged up as markets look forward to key Chinese Economic data.

Trading call:(1-14 days) Sell Balkrishna June Future @ 2330-2350, stop loss 2386 & target 2280

Derivative call-time period: (1 month) Sell Axis Bank June Future @ 977-982, stop loss 999 & target 960