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Indian markets could open flat, in line with mixed Asian markets today and mildly positive US markets on Wednesday..… - HDFC Securities

Major U.S. stock indexes booked modest gains Wednesday, while small-caps charged higher, as Treasury yields retreat and investors focus on shares that might perform better as the economy reopens from COVID.

Meanwhile, Investor concern about inflation may be ebbing, with 10-year Treasury yields lower on the week at 1.572%, despite data earlier this month showing that the April consumer-price index rose at a hotter-than-expected 4.2% yearly pace. Stocks may continue to struggle for direction ahead of the release Friday of the Federal Reserve’s favorite measure of inflation, the personal consumption expenditure index

The recent comments from multiple Fed officials reflect a shifting tone at the central bank. A month ago, Fed Chair Jerome Powell said it was "not yet" time to contemplate discussion of policy tapering or slowing the pace of asset purchases. More recently policymakers have acknowledged they are closer to debating when to scale back crisis support for the U.S. economy.

Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer to considering winding back their emergency stimulus while the dollar held at a one-week top

Earnings at China’s industrial firms grew at a slower pace in April, with high commodity prices and weaker performance in the consumer goods sector limiting overall profitability from manufacturing. Profits at China’s industrial firms rose 57% yearon-year in April to 768.63 billion yuan ($120.22 billion), down from year-on-year growth of 92.3% in March

South Korea’s central bank kept monetary policy unchanged on Thursday but upgraded its economic outlook as exports and inflation perked up, shifting the focus to the prospects of an end to current accommodative settings. It now sees Asia’s fourthlargest economy logging the fastest growth since 2010, as it upgraded its outlook to 4.0% from the 3.0% projected in February. Consumer inflation is seen at 1.8%, up from 1.3%

Indian benchmark equity indices rose for the fourth consecutive session on May 26. At close, the Nifty was up 93.00 points or 0.61% at 15,301.50.

Nifty closed on May 26 at the highest since Feb 16, 2021. It also closed at almost the day’s high accompanied by a strongly positive advance decline ratio. IT sector witnessed rotational buying while Metals stocks came under pressure as metal prices continued to remain soft globally after a dream rally. 15336- 15432 is the next resistance band for the Nifty while 15211- 15256 is the support band for the near term.

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