On the NSE, Nifty settled at 9,826, up 246 points or 2.57 per cent.
The bulls continued their upward march on Monday, buoyed by the phased re-opening of the economy post an over two-month lockdown to contain the spread of Covid-19 pandemic. Buying was witnessed across-the-board with PSU bank stocks leading the pack.
The S&P BSE Sensex rallied 879 points or 2.71 per cent to 33,303.52 levels, with 25 of 30 constituents advancing and 5 declining. Bajaj Finance (up over 10 per cent) emerged as the top gainer on the index while Sun Pharma (down 2 per cent) was the biggest loser.
On the NSE, Nifty settled at 9,826, up 246 points or 2.57 per cent. Volatility index, India VIX, gained over 1 per cent to 30.56 levels.
Sectorally, Nifty PSU Bank index climbed 86 points or 7.6 per cent to 1,215.40 levels while Nifty Bank rallied nearly 3.5 per cent to 19,960 points.
As many as 24 securities, including Adani Green Energy, Bayer Cropscience, Divi's Lab, and Cipla hit their fresh 52-week highs on the NSE. On the other hand, 15 securities hit 52-week low.
In the broader market, the S&P BSE SmallCap index gained over 3 per cent to 11,223 while the S&P BSE MidCap index surged 2.65 points to 12,157 levels.
Among individual stocks, Biocon hit a record high of Rs 389.85 on the BSE during the day after after its partner Mylan received a favourable ruling from US Patent and Trademark Appeal Board (PTAB) on Sanofi’s four device patents for Lantus SoloSTAR. The stock surpassed its previous high of Rs 368 touched on April 20, 2020. The stock ended at Rs 385.65, up nearly 9 per cent.
Shares of consumer durable companies gained during the session. Voltas ended nearly 12.5 per cent higher at Rs 539.75 on the BSE after it reported encouraging numbers for March quarter. Global brokerage firm Credit Suisse has maintained an 'outperform' rating on the stock with the target price of Rs 650. READ MORE
Shares of IDBI Bank hit 20 per cent upper circuit at Rs 24.35 apiece on the BSE after the bank reported profit in the March quarter of FY20 (Q4FY20) after reporting losses for 13 straight quarters. READ MOREGlobal markets
World stocks were just shy of three-month highs and the dollar weakened further on Monday as optimism on economies opening up boosted risk appetite, shrugging off worries over riots in the US and unease over Washington’s power struggle with Beijing.
In Asia, stocks closed higher led by China on signs parts of the domestic economy were picking up. Hong Kong managed to rally 3.6 per cent, while Chinese blue chips put on 2.4 per cent.
European stocks opened 1 per cent higher led by virus-hit sectors such as travel & leisure, banks and miners but volumes were subdued as Germany, Switzerland and Austria were closed for holidays.
In commodities, oil prices were little changed, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
(With inputs from Reuters)
4:07 PM IST Markets ended positive, in sync with global cues, after relief over the opening up of the economy with some restrictions. All major sectoral indices were positive, with the banking index leading the gains. The positive sentiment is being driven by hope of situation getting back to normalcy, aided by the steady opening up of the economy and further stimulus measures to boost demand. Economic data coming in over the next 2 days may have an impact.
3:44 PM IST
3:43 PM IST
3:36 PM IST The S&P BSE Sensex rallied 879 points or 2.71 per cent to 33,303.52 levels and the Nifty50 ended at 9,826, up 246 points or 2.57 per cent.
3:24 PM IST Shares of Biocon rallied 6 per cent to hit a record high of Rs 377 on the BSE on Monday after its partner Mylan received a favourable ruling from US Patent and Trademark Appeal Board (PTAB) on Sanofi’s four device patents for Lantus SoloSTAR. The stock surpassed its previous high of Rs 368 touched on April 20, 2020. READ MORE
3:16 PM IST >> New timings will be effective from tomorrow, June 2.
>> Says, there will be no change in timings for other commodities
3:12 PM IST
3:10 PM IST >> Others notable names include Canara Bank, HEG, KEI Industries, Adani Green Energy and Balrampur Chini Mills
3:06 PM IST Over 1,000 non-swadeshi products from firms like Jaquar, Eureka Forbes, HUL (foods) not to be sold at CAPF canteens from today: Officials— Press Trust of India (@PTI_News) June 1, 2020
3:05 PM IST A number of products from Dabur India, Victorinox India, Samsung India de-listed from CAPF canteens as they are not 'swadeshi': Officials— Press Trust of India (@PTI_News) June 1, 2020
MARKET COMMENT:: Vinod Nair- Head of Research- Geojit Financial Services
Markets ended positive, in sync with global cues, after relief over the opening up of the economy with some restrictions. All major sectoral indices were positive, with the banking index leading the gains. The positive sentiment is being driven by hope of situation getting back to normalcy, aided by the steady opening up of the economy and further stimulus measures to boost demand. Economic data coming in over the next 2 days may have an impact.
SECTOR WATCH | All sectoral indices on the NSE end in the green
MARKET AT CLOSE:: Gainers and losers on the S&P BSE Sensex
The S&P BSE Sensex rallied 879 points or 2.71 per cent to 33,303.52 levels and the Nifty50 ended at 9,826, up 246 points or 2.57 per cent.
Biocon rallies 6%, hits record high on favourable ruling from US PTAB
Shares of Biocon rallied 6 per cent to hit a record high of Rs 377 on the BSE on Monday after its partner Mylan received a favourable ruling from US Patent and Trademark Appeal Board (PTAB) on Sanofi’s four device patents for Lantus SoloSTAR. The stock surpassed its previous high of Rs 368 touched on April 20, 2020. READ MORE
NEWS ALERT :: MCX restores trading timings of international agri commodities to 9.00 pm
>> New timings will be effective from tomorrow, June 2.
>> Says, there will be no change in timings for other commodities
Ultratech Cement dips over 3% from day's high
MARKET UPDATE :: Shoppers Stop, IDBI Bank are among 368 stocks that were locked in upper circuit on the BSE today
>> Others notable names include Canara Bank, HEG, KEI Industries, Adani Green Energy and Balrampur Chini Mills
Over 1,000 non-swadeshi products from firms like Jaquar, Eureka Forbes, HUL (foods) not to be sold at CAPF canteens from today: Officials
NEWS ALERT :: Max India sets June 15 as record date after NCL approves demerger
Internet speed to power: Weekly indicators show economy is picking up
The Indian Railways carried more goods and the internet speed held up—early signs about how an economy is doing. Business Standard tracks indicators because they appear with greater frequency than regular macroeconomic numbers like Gross Domestic Product (GDP) or trade data. READ MORE
MARKET UPDATE | Nifty PSU Bank index jumps 7.62%
NEWS ALERT :: Expect monsoon rain to be 102% of Long Term Average, says MeT Dept
>> Expect normal monsoon this year
>> 5% chance of deficient monsoon rains this year, 25% chance of above-normal rains
(As reported by CNBC TV18)
Corporation tax rate cut may save the day for Britannia in Q4, say analysts
Emkay Global Financial Services estimates a volume decline of 7 per cent in the domestic business and 5 per cent growth in subsidiary revenues. Moderation in wheat and skimmed milk powder (SMP) prices along with lower crude prices to maintain gross margins while cost savings and lower ad spend will aid sustain operating margins, it notes. READ MORE
Japan, South Korea factory output worsens in May amid Covid-19: PMI data
China's Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) hit 50.7 last month, marking the highest reading since January as easing of lockdowns allowed companies to get back to work and clear outstanding orders.
But with many of China's trading partners still restricted, its new export orders remained in contraction, the private business survey showed on Monday. China's official PMI survey on Sunday showed the recovery in the world's second-largest economy intact but fragile. READ MORE
Auto stocks in top gear despite sales de-growth due to Covid-19
The S&P BSE Auto index has beaten the benchmark index for second straight month in May. This is despite the industry heading for another year of double-digit sales decline this fiscal given the lockdown to contain the Covid-19 pandemic. In May, the S&P BSE Auto index gained 5.6 per cent as compared to 3.8 per cent decline in the S&P BSE Sensex. READ MORE
Nifty sectoral indices at this hour
Japan, South Korea factory output worsens in May amid Covid-19: PMI data
Asia's factory pain deepened in May as the slump in global trade caused by the coronavirus pandemic worsened, with export powerhouses Japan and South Korea suffering the sharpest declines in business activity in more than a decade. A series of manufacturing surveys released on Monday suggest any rebound in businesses will be some time off, even though China's factory activity unexpectedly returned to growth in May. READ MORE
MARKET UPDATE :: Sensex off day's high, still up 850 pts
NEWS ALERT | PVR board to meet on June 8 to consider raising funds via equity: Exchange filing
IndiGo Q4 preview: Analysts see loss up to Rs 2,600 cr amid Covid-19 outbreak
“We forecast capacity growth of 5 per cent, traffic growth of 3.2 per cent, and a load factor of 84.7 per cent, down 1.3 pts year-on-year (YoY). That apart, we forecast passenger yield per RPK to decline by 7.5 per cent YoY, partly due to the strong base impact. Along with the traffic growth, we forecast total operating revenue to decline by 3.2 per cent YoY,” wrote Achal Kumar, analyst at HSBC, along with Andrew Lobbenberg and Parash Jain in an earnings expectation’s note. READ MORE
Mutual funds looking at launching low-volatility products for investors
Mutual funds (MFs) are looking at launching low-volatility products — equity, as well as hybrid — to give investors alternatives in the current market environment. ICICI MF recently filed for an exchange-traded fund (ETF) that will track the Nifty Alpha Low-Volatility 30 Index. READ MORE
Southwest Monsoon hits Kerala; Met dept's region-wise forecast today
The southwest monsoon has arrived over Kerala, marking the start of a four-month long rainfall season, said the India Meteorological Department (IMD) said on Monday.
The four-month monsoon season from June to September accounts for 75 per cent of rainfall in the country. READ MORE
GLOBAL MARKET UPDATE:: Europe opens higher
May Auto Sales | M&M's domestic sales down 79% YoY
Broader market outperforms in May for the first time since January
For the first time since January, the three key indices representing the broader market — Nifty 500, Nifty Midcap 100, and Nifty Smallcap 100 — outperformed the benchmark Nifty 50 index. Though the broader markets delivered negative returns, the fall was less compared to the benchmark. READ MORE
Adani Power shares surge 10% as Gautam Adani plans to delist Co
Presently, the Promoter Group collectively holds 74.97 per cent of the paid-up equity share capital of Adani Power. Public shareholders hold the remaining 25.03 per cent stake in the company, of which 12.35 per cent is with foreign portfolio investors and 7.40 per cent holding's with other institutional investors. READ MORE
Any crisis throws up undervalued stocks
In mid-April, the website Capitalmind.in ran an exercise that tried to identify value in midcaps. This focussed on the 150 constituents of the Nifty Midcap 150 Index. At that point of time, the index had already plunged from the heights of 6,800-plus to a low of about 4,100 and started a recovery. READ MORE
NEWS ALERT | Axis Bank cuts savings account deposit rates by 25 bps
MARKET UPDATE | Top 5 gainers on the BSE at this hour
MARKET UPDATE:: Nifty reclaims 9,900
Vodafone Idea, Britannia: Stocks of MNCs zoom up to 100% in two months
Over the past two months, stocks of multinational companies (MNCs) have outrun the broader markets by gaining up to 100 per cent. The Nifty MNC index has gained 29 per cent from its March lows, as against 26 per cent rise in the Nifty 50 index till Friday. Even on a year-to-date (YTD) basis, the fall in the Nifty MNC index at 9.4 per cent is less than the Nifty50 index, which slipped 21.3 per cent during this period. READ MORE
UPDATE:: ATF prices in metros
Prices of aviation turbine fuel (ATF) in metros, applicable from today; In Delhi price rises to Rs 33,575.37 (increase by Rs 11031.37/kilo litre), in Kolkata, ATF will cost Rs 38,543.48/kilo litre while in Mumbai, it will be priced at Rs 33,070.56/kilo litre. pic.twitter.com/SeS39Wk1Fq
Modi to chair Cabinet meeting shortly; CCEA meeting at PM's residence
A meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi, will begin shortly. It will be the first Cabinet meeting after the Central government entered into its second year of office. The Cabinet Committee on Economic Affairs (CCEA) meeting will also be held today at the Prime Minister's residence at 7 Lok Kalyan Marg in New Delhi.
BROKERAGE VIEW:: Emkay Global Financial Services on Power Sector
Power demand subdued in May: Power generation declined 23.6% yoy to 91.0bn units in April’20 as peak demand fell 25% yoy during the lockdown in the country in the wake of Covid-19. Generation is expected to drop 23.5% yoy in May’20 as well.
Plant load factor: PLF declined significantly across the coal segment in April’20 (-1991bps yoy to 41.8%, lowest ever) and hydro (-446bps yoy to 28.9%) due to a fall in demand. However, PLFs improved across the gas segment (+404bps yoy to 27.5%) so as to maintain grid stability and nuclear plants (+1732bps yoy to 83.7%) due to better fuel availability in April’20. PLFs in May’20 is expected to remain subdued across thermal and hydro segments amid low industrial and commercial activities during lockdowns.
Spot rates low during peak season: Base and power deficits remained low at 0.4% and 0.5%, respectively, in April’20. Merchant rates were down by 25.0% yoy to Rs2.4/kWh in April’20, but improved marginally to Rs2.6/kWh in May’20 due to a marginal recovery in power demand due to a rise in temperature and some relaxation in the lockdown.
EAP position: We continue to prefer regulated entities such as NTPC, PGCIL, GIPCL and NHPC due to their attractive valuations. Even after the one-time impact of discounts to be provided to discoms, the business model of these firms remains intact as the government has maintained the tariff structure and RoE will continue to be determined on PAF.
BROKERAGE VIEW:: YES Securities on Dilip Buildcon
Rating: ADD | Target: Rs 296 | Upside 14%
Operating margin is likely to stay at ~17% levels. The effective tax rate is expected to be at 30‐32% levels during FY21. We expect the working capital to be comfortable with better receivables and inventory management.
Valuation: We believe near term growth would be impacted by significant loss of execution during April and May’20. Also, the Company would need to win some projects in quick time to deliver growth beyond FY21. We assign a ADD rating on the stock for target of Rs.296 (based on SOTP valuation).
BROKERAGE VIEW:: Prabhudas Lilladher on Jubilant Life Sciences
Rating: HOLD | CMP: Rs 445 | TP: Rs 414
Due to better operating leverage and increase revenue from Drug discovery segment we increase our earnings estimate by 36% for FY21E and 26% for FY22E and derive our new TP of Rs 414 (from Rs 363) based on SOTP-valuation. We maintained 4x (EV/EBITDA) of pharma business and 3x (EV/EBITDA) of commoditized LSI business. However, strong appreciation of USD, JUBILANT’s net debt/ equity ratio of 1.6x continues to be an overhang in its valuation and we maintain "Hold."
BROKERAGE VIEW:: JM Financial on SBI
We are upgrading SBI to BUY given steep fall in share price which we believe is driven more by overall macro concerns than underlying fundamentals of the stock. Core-bank valuations have corrected sharply and trades at close to possibly its lowest ever valuation range (at 0.29x /0.28x FY21E/FY22E BVPS, considering a 20% holdco discount for listed subs). Our sensitivity analysis reveals that even if overall slippage ratio of the bank jumps to ~4-6% (assuming 10- 20% slippage from moratorium loans), SBI’s CET1 levels would still be at 7.5-9.1% which will potentially require capital raise of Rs 350bn in scenario of 20% slippages from morat book (nil in case of 10% slippages). This can be partially fulfilled by stake sale in listed subs (even 5% sale in SBI Life and 10% sale in SBI Cards each at 10% lower than CMP will raise Rs 72bn). SBI’s liability franchise remains unparalleled and recent deposit rate cuts indicate cushion to margins (though excess liquidity could create near-term pressures). We believe SBI stock performance is considered more of a proxy to the India macro environment (which is currently through going one of its toughest phases) and hence any semblance of normalcy (as lockdowns ease) could see reflecting in greater valuations for SBI. We value banking business at undemanding 0.5x FY22E BVPS and arrive at SOTP-based target price of Rs 220.
BROKERAGE VIEW:: Anand Rathi Shares on KEC International
Despite the partial lockdown in March (Rs 5bn-6bn revenue loss), KEC witnessed decent performance with strong execution in the Railways and Civil. Other key segments, T&D and Cables, were weak, resulting in revenue down 4.4% y/y. With a Rs 200bn order book and nearly Rs 40bn in L1, management is upbeat about FY21 revenue growth if matters improve. With lower debt and softening interest rates, management talked of lower interest expenses, at 2.3-2.4% of sales for FY21/22. We have raised our estimates mainly due to lower interest rates for FY21/22 and maintain a Buy, with a higher TP of Rs 256 (12x FY22e), earlier Rs 231.
BROKERAGE VIEW:: ICICI Securities on Wipro
Rating: Buy | Target price: Rs 250
While we await details on the strategic direction that Thierry wants to set for Wipro and his capital allocation priorities, Wipro has all the key ingredients for a turnaround. Wipro has strong full services capabilities across applications, Infra, BPS and engineering which should help the company as integrated deals gain prominence. It has a strong balance sheet (~Rs250bn net cash) to craft more complex deal structures and partake in captive buyout opportunities and has durable client relationships to benefit on vendor consolidation. Cloud is a ~$2bn practice for the company with Digital being 41% of revenues having grown 20% YoY in Q4FY20. The task is cut out though as multiple other organisations have seen leadership changes recently as well (IBM, Cognizant, DXC Technology) with the sole imperative being to accelerate growth. As is typical, there will be some leadership flux as well in the near-term before the organisation settles into a new rhythm.
MARKET UPDATE:: Sensex extends gains, up 1,000 points now
MARKET UPDATE:: HDFC twins and Reliance Industries top contributors to Sensex's rally today
Escorts nears record high on May tractor sales nos, soars 32% in one month
The stock of Escorts was trading higher for the fourth straight day. In the past one month, the stock has rallied 32 per cent, as compared to a 1.3 per cent fall in the S&P BSE Sensex. It was trading close to its record high level of Rs 1,019, touched on May 2, 2018.
“Escorts Agri Machinery Segment (EAM) in May 2020 sold 6,594 tractors against 6,827 tractors sold in May 2019. Export for the month of May 2020 at 140 tractors as against 339 tractors sold in May 2019,” Escorts said in a press release. READ MORE
NEWS ALERT | India's May Manufacturing PMI comes in at 30.8 vs 27.4 in April
-- At 30.8 in May, the seasonally adjusted IHS Markit India Manufacturing PMI rose from 27.4 in April
-- The latest reading pointed to another substantial decline in the health of the Indian manufacturing sector, albeit one that was slightly softer than recorded in April
Nomura sees Nifty at 10,200 in Mar'21; financials to drag earnings
The headroom for markets seems to be limited with Nomura expecting the Nifty50 to scale up to 10,200 levels by March 2021 – a modest gain of around 5 per cent from the current levels. While at the global level, equity markets are likely to be supported by strong liquidity, growth stimulus with investors willing to look past near-term earnings declines hoping for a revival in FY22, for India the expectations, according to Nomura, are likely to be relatively muted. READ MORE
Unlock 1.0: Hotel stks rally up to 19% as operations to resume from June 8
Indian Hotels, Chalet Hotels, EIH, TajGVK Hotels & Resorts, EIH Associated Hotels and Shopper Stop were up in the range of 10 per cent to 19 per cent on the BSE in the intra-day trade. In comparison, the S&P BSE Sensex was up 2.3 per cent at 33,163 level at 9:25 am READ MORE
Consumer durable stocks rally; Voltas jumps 10%, Symphony up 7% post-Q4 nos
For the quarter under review, Voltas reported a 12.52 per cent year-on-year (YoY) increase in its consolidated net profit at Rs 159.50 crore while its revenue from operations grew over 1 per cent at Rs 2,089.63 crore, against Rs 2,062.84 crore in the year-ago period. READ MORE
IDBI Bank turns profitable after 13 straight quarters of loss; stock up 20%
While the lender's net profit for period under review stood at Rs 135.39 crore compared to a net loss of Rs 4,918.44 crore in Q4FY19, its net loss for Q4FY20 fell to Rs 12,887.34 crore from Rs 15,116.30 crore in FY19. READ MORE
May Auto Sales | Maruti Suzuki posted total sales of 18,539 units
>> Domestic sales at 13,865 units
>> Exports at 4,651 units
>> Says, the Company resumed its manufacturing operations post lock down strictly in accordance with the Government regulations and guidelines, from May 12th at its Manesar facility and from May 18th at its Gurugram facility.
BUZZING STOCK:: Bajaj Finance surges 6%; top Sensex gainer at this hour
PSBs jump; Nifty PSU Bank index rallies 4%
Adani Power jumps 8% as Board to consider delisting on June 3
Fertiliser stocks gain as Monsoon sees normal progress, likely to hit Kerala today
IDBI Bank surges 19% after reporting profit after 13 quarters
MARKET CHECK :: Nifty nears 9,800
Hotel stocks soar as Centre allows to resume ops from June 8
May Auto Sales | Escorts' total sales dip 3.4% YoY
Maruti Suzuki rises over 2% ahead of May auto sales
Reliance Industries rises 1.5%
Axis Bank jumps over 5%
Sectoral trends on NSE at open | Nifty Bank index gains 3%
Sensex Heatmap at Open
Opening Bell | Markets cheer Unlock 1.0
Top gainers and losers on S&P BSE Sensex at Pre-open
Market at Pre-open
Market at Pre-open
Commodity picks for today
Maize is trading at Rs 1,236 per quintal in Gulabbagh. Prices are expected to trade lower towards Rs 1,200 per quintal in the near-term. Weak demand and increasing crop arrivals are putting pressure on prices in Bihar. READ MORE
Stock picks by Angel Broking
Nifty reclaims 9,500, a sigh of relief for bulls
Although the week started on a sluggish note after an extended weekend, our markets saw good buying interest throughout the remaining part of the week. Till last week, we were considerably underperforming global bourses, but with this smart rally, we finally got coupled with global peers. Month-on-month, we might see the index ending lower but looking at the intra-month activity, the Nifty managed to conclude the May month at the highest (on a closing basis). READ MORE
Stocks to watch: YES Bank, HCL Tech, IDBI Bank, aviation, Dilip Buildcon
Here's a list of stocks that may remain in focus today -
IndiGo, SpiceJet: Jet Fuel (ATF) price has been increased by Rs 11,030.62 to Rs 33,575.37/kL in Delhi.
Earnings today: As many as 14 companies, including V-Guard Industries, are scheduled to release their March quarter earnings later in the day. READ MORE
NEWS ALERT :: Jet Fuel (ATF) price hiked by Rs 11,030.62 to Rs 33,575.37/kL in Delhi
(Via CNBC TV18)
BROKERAGE VIEW :: Credit Suisse on Lupin
Downgrades from 'Outperform' to 'Neutral'; Revised target price: Rs 820 from Rs 690
>> Market is overestimating peak sales of Albuterol Inhaler
>> Levothyroxine and Albuterol account for 30% of FY22 profit estimate
>> Raise FY21/22 EPS estimates by 20%/20% due to lower solosec spend, and tax guidance
BROKERAGE VIEW :: Credit Suisse on Concor
Upgrades from 'Underperform' to 'Outperform'; Target price: Rs 475
>> Stock has corrected 40% from peak levels
>> Potential upside seen from DFCC
>> Confidence from volume contibution of 50%
>> Valuation reasonable at current levels
Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on
The stock has maintained a strong base near 1970-1980 levels and has picked up momentum improving the bias and also the RSI indicator has indicated a trend reversal from the oversold zone and has signaled a buy. We anticipate further upward rise in the coming days and we suggest to buy and accumulate this stock for the positional target of Rs 2200-2250, keeping the stop loss near Rs 1980 levels. READ MORE
Top stock picks by CapitalVia Global Research
As per the weekly option data, handful of put writing on higher strikes ranging from 9,200 to 9,500 is seen which shows Nifty would witness support in subzone of 9,300 zone. The level of 9,200 will act as support as maximum put open interest (OI) is placed here. But, the index is likely to face stiff resistance at 9,500 as maximum call OI is placed here. We can witness weakness only if Nifty breaks level of 9,200. Therefore, traders should try to create long position keeping close eye on 9,200, as it might act as a base for weekly expiry. READ MORE
FII/FPI & DII trading activity on NSE, BSE and MSEI
>> Oil prices eased on worries about US demand, but found some support from reports Russia had no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week.
>> Brent crude futures were off 25 cents at $37.59 a barrel, while US crude dipped 22 cents to $35.27.
SGX Nifty indicates positive start for indices
>> At 8:22 am, the index was at 9,664 level, up181.75 points or1.92 per cent.
Asia stocks prove resilient to US riots as S&P futures bounce
Wall Street ends mostly higher as US-China spat simmers