@AlliesFin
Nifty expected to open with a flat bias. Watch 9344 for Nifty recovery towards 9470-9500 zone. Support for Nifty stays in 9205-9250 zone.
US markets saw a dramatic recovery from opening low as investors turned attention to re-opening of the economy and strength in technology heavy NASDAQ. The benchmark NASDAQ remained the rank outperformer with gains of over 1%.
Crude futures continued to recover, wti almost crossed 22 and Brent moved closer to 28 mark.
US $ index moved in a narrow range near 99.4 mark.
After dismal core sector data India's April PMI crashed to all time low near 27.4 driven by unprecedented cut in output.
Rupee showed some weakness yesterday to close near 75.70 zone.
US 10 year remained flat at 0.63.
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