Market Pre-Opening Podcast on May 7, 2018

Moneycontrol News

The Nifty50 is expected to open flat on Monday following muted trend seen in other Asian markets. The Nifty50 closed 61 points lower at 10,618 on Friday.

Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 5.5 points or 0.05 percent. Nifty futures were trading around 10,672-level on the Singaporean Exchange.

The three major US stock indexes rose more than 1 percent on Friday after weaker-than-expected US wage growth helped to calm investor fears about rising interest rates and inflation, though the S&P 500 and Dow Industrials still posted losses for the week, said a Reuters report.

Asian shares crept higher on Monday after a tame reading on US wages lessened the risk of faster rate hikes by the Federal Reserve, although Sino-US trade tensions and a looming deadline for the Iranian nuclear deal argued for caution, it said.