Transcription
Welcome everyone to the last trading session of this business week on Friday morning, and yes, after a day off. Eid Mubarak to all of you once again. A sandwich session stands before us. We have returned from a day off. A weekend stands ahead. So, this is a sandwich session, and not one, but two days' worth of global cues to digest. What happened in these past two days? I will map out the US markets for you. Additionally, many important economic figures were due to come out of the US on Thursday evening. We will discuss that in detail shortly, and regarding US-Iran, there have been numerous updates in these two days. A draft was shared, updates on the draft were shared. After that, a 60-90 day ceasefire was mentioned, and so on and so forth. What is happening? What are the actual developments? We need to discuss this. Today, two Nifty companies, Asian Paints and Interglobe Aviation, whose results the producer mentioned in the headlines, have their results out. There will be some more futures numbers, and effectively, this is the last day of the results season because after this, no Nifty or futures market numbers remain. Only some numbers will come out tomorrow because tomorrow is the last day of May, and that too, largely for the cash market numbers. So, effectively, today is the last day of our Q4 and FY26 result season. Today is not just the last day of the week, but also the last day of the month. When we meet next, hopefully, your and our salaries will have arrived, and after very successful in-depth research, after researching plus-minus, plus-minus alternate patterns, we have brought new hardcore research for you, plus-plus, minus-minus, which will be confirmed by today's closing. Anyway, what happened in the US for two days? When we were closing on Wednesday at 3:30 PM, US futures were up by a quarter to half a percent. The actual trade of Wednesday's session is on your screens. Largely, it was consolidation on a very flat note. Even if you opened the intraday charts, you would see consolidation. I think it was an anticipation of all the important economic figures on Thursday. And then, what happened on Thursday yesterday? The movement of US markets will appear on your screens. Yesterday, a strength of flat to 1% was seen. Not one, yes, a rally of around 1% in all three benchmarks was quite good. And this morning's futures are slightly subdued. What eventually happened? Please bring up the first plate. Where did we leave US futures on Wednesday? Where are they standing this morning? So, all the noise and clutter in between will be cleared. We have handed over roughly where we left off. The US markets haven't gone anywhere much. Yes. Where did it go? What thing? Crude oil. Please bring up the second plate. We left crude at $96.3. Amidst all the developments, crude oil prices are around $93. So, we need to digest a cool-off of about $3. There are no other significant developments beyond this. Yes, after the US economic figures, gold did rally in international markets. We left it at 4490. It was around 45. Today it is around 45 units. So, this has also cooled down again. So, nothing much has changed in terms of asset classes, barring slightly the price of crude. So, sir, as it appears, no significant developments have occurred. There was more noise. Rest.