Market pre opening podcast on April 03, 2018

Apr 03, 2018, 03:22 AM

The Nifty50 is expected to open lower on Tuesday tracking muted trend seen in other Asian markets. The Nifty50 index closed 98 points higher at 10,211.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 56.5 points or 0.55 percent. The Nifty futures were trading around 10,208-level on the Singaporean Exchange.

Wall Street shares plunged on Monday as investors fled technology stocks amid resurgent trade war worries, with key indexes trading below their 200-day moving averages and the S&P 500 closing below that pivotal technical level for the first time since June 2016, Reuters reported.

The Dow Jones Industrial Average fell 458.92 points, or 1.9 percent, to end at 23,644.19 after dipping below its 200-day moving average. The S&P 500 fell 58.99 points, or 2.23 percent, to 2,581.88 and the Nasdaq Composite dropped 193.33 points, or 2.74 percent, to 6,870.12.

Asian shares slid in early trade, with Japan leading losses in the region after markets stateside came under pressure from the drop in tech stocks and trade-related worries, CNBC reported.