Trends on SGX Nifty indicate a positive opening for the index in India with a 27 points gain

The BSE Sensex was down 132.38 points at 52,100.05 on June 4 while Nifty50 fell 20.10 points to 15,670.30 to form a bearish candle that resembles a 'Hanging Man' pattern on the daily charts. On a weekly basis, the index gained 1.5 percent and formed a bullish candle.

According to pivot charts, the key support levels for the Nifty are placed at 15,617.13, followed by 15,564.07. If the index moves up, the key resistance levels to watch out for are 15,728.43 and 15,786.67.

US Markets

US stocks climbed on Friday, lifted by technology stocks, after a tepid US monthly jobs report relieved investor concerns the Federal Reserve might rein in monetary stimulus soon.

The Dow Jones Industrial Average rose 149.58 points, or 0.43%, to 34,726.62, the S&P 500 gained 34.78 points, or 0.83%, to 4,227.63 and the Nasdaq Composite added 203.63 points, or 1.5%, to 13,818.13.

Asian Markets

Asian shares firmed up on Monday while the dollar wavered after the anxiously awaited May U.S. payrolls report showed the recovery on track but not so hot that it might bring forward a policy tapering from the Federal Reserve.

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3% and looked to break three sessions of losses. Japan's Nikkei rose 1.0% to touch its highest in almost a month, and South Korea gained 0.7%.

SGX Nifty

Trends on SGX Nifty indicate a positive opening for the index in India with a 27 points gain. The Nifty futures were trading at 15,736 on the Singaporean Exchange around 07:30 hours IST.

Oil hits new multi-year highs

Oil extended gains to hit fresh multi-year highs on Monday, underpinned by a brighter economic and fuel-demand outlook, while investors eyed the outcome of talks between Iran and world powers over a nuclear deal that is set to boost crude supplies.

Brent crude futures for August rose 28 cents, or 0.4%, to $72.17 a barrel by 0107 GMT, their highest since May 2019. U.S. West Texas Intermediate crude for July touched $70 for the first time since October 2018 and was at $69.91 a barrel, up 29 cents, or 0.4%.

Bank credit grows by 5.98%; deposits by 9.66%: RBI data

Bank credit grew by 5.98 percent to Rs 108.33 lakh crore while deposits rose by 9.66 percent to Rs 151.67 lakh crore in the fortnight ended May 21, 2021, RBI data showed.

In the fortnight ended May 22, 2020, bank credit stood at Rs 102.22 lakh crore and deposits at Rs 138.29 lakh crore, according to RBI's Scheduled Banks' Statement of Position in India as on May 21, 2021, released on Friday.

India's forex reserves surge $5.27 billion to fresh lifetime high of $598.16 billion

The country's foreign exchange reserves surged by $5.271 billion to touch a record high of $598.165 billion in the week ended May 28, RBI data showed on Friday. In the previous week ended May 21, 2021, the reserves had increased by $2.865 billion to $592.894 billion.

Vijaya Diagnostic Centre files DRHP with Sebi

Hyderabad-based Vijaya Diagnostic Centre has filed a draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India(Sebi) for an initial public offering (IPO).

The public issue is a pure offer for sale of up to 35.68 million (3,56,88,064) shares, or 35 percent stake, by the promoter and shareholders. Promoter Dr S Surendranath Reddy will sell up to 50,98,296 equity shares, while investors Karakoram and Kedaara Capital Alternative Investment Fund (Kedaara Capital AIF) 1 will sell up to 2,94,87,290 equity shares and 11,02,478 equity shares, respectively, which together amounts to a 29.99 percent stake in the company.

FII and DII data

Foreign institutional investors (FIIs) net acquired shares worth Rs 1,499.37 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 1,175.01 crore in the Indian equity market on June 4, as per provisional data available on the NSE.

Stocks under F&O ban on NSE

Four stocks - Indiabulls Housing Finance, Punjab National Bank, SAIL, and Sun TV Network - are under the F&O ban for June 7. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.