SGX Nifty falls: Nifty-Bank Nifty support, resistance, technical view, stocks under NSE F&O ban on 28 Jun 2022 Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were staring at a negative opening on Tuesday, as suggested by trends on SGX Nifty in early trade. Nifty futures were ruling 60.50 points or 0.4 per cent down at 15,773.50 on Singaporean Exchange. In the previous session, equity markets rallied for a third straight day. The S&P BSE Sensex rose 433 points, or 0.82% to end at 53,161 and the NSE Nifty 50 added 132 points, or 0.85% to close at 15,832. “We reiterate our positive yet cautious view on markets citing the hurdle at 15900 levels. A decisive breakout could further fuel the recovery to the 16200 zone in Nifty else correction would resume,” Ajit Mishra, VP – Research, Religare Broking, said.Key things in focus Weak global cues: Asian stock markets were seen trading mostly in red on Tuesday as investors weigh economic concerns. Japan’s Nikkei 225 was almost flat, and MSCI’s broadest index of Asia-Pacific shares was down 0.64%. In overnight trade on Wall Street, US major indices fell. The Dow Jones Industrial Average slipped 62.42 points, or 0.2%, to 31,438.26. The S&P 500 fell 0.3% to 3,900.11, and the Nasdaq Composite dropped 0.7%, falling to 11,524.55. Nifty Bank CALL, PUT OI: Maximum Call open interest was seen at 16,000 strike, followed by 16,500 strike, and 16,300 strike. Maximum Put open interest was seen at 15,000 strike, followed by 15,500 strike. FII and DII data: On Monday, foreign institutional investors (FIIs) offloaded Rs 1,278.42 crore worth of shares, whereas domestic institutional investors (DIIs) were buyers to the tune of Rs 1,184.47 crore worth of shares on a net basis in Indian stock market. Stocks under F&O ban on NSE: Two stocks – Delta Corp and Sun TV Network – are under the NSE F&O ban for 28 June 2022. If the open interest of any stock crosses 95% of the MWPL (market-wide positions limits), all F&O contracts of that stock enter a ban period.
The launched works involve rehabilitating the Galgamuwa Railway Station and upgrading the railway line from Maho to Anuradhapura, including additional tasks. Another project is the second phase of track rehabilitation from Maho to Omanthai (128 kms), funded by a $318 million Indian Line of Credit.
Transport Minister Gunawardena praised the efforts of Indian company IRCON in Sri Lanka and called for more cooperation in the railway sector. State Minister Shantha Bandara and officials from the Sri Lankan Ministry of Transport attended the event.
Railways is a priority for Indian assistance in Sri Lanka, with over $1 billion invested under five Indian Lines of Credit. IRCON has been involved in Sri Lanks since 2009. It has contributed to the modernisation of Sri Lanka Railways by reconstructing the entire railway line network in the Northern Province (253 Km) and upgradation of the Southern line (115 km), as well as improving safety through advanced signalling and telecommunication systems.
Despite Sri Lanka’s debt standstill in April 2022, India’s support under various Lines of Credit has continued.
(With PTI inputs)