Market Pre-Opening Podcast on May 11, 2018

The Nifty50 is expected to open higher on Friday following positive trend seen in other Asian markets. The Nifty50 closed 25 points lower at 10,716 on Thursday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 49 points or 0.46 percent. Nifty futures were trading around 10,780-level on the Singaporean Exchange.

Wall Street jumped on Thursday, and Apple inched closer to a USD 1 trillion stock market value, as tepid inflation data eased worries of faster U.S. interest rate hikes this year, Reuters reported.

Asian markets started on a firm footing and the dollar eased on Friday as softer-than-forecast US inflation data tempered expectations for faster Federal Reserve interest rate rises this year, it said.

Oil prices on Friday held multi-year highs reached the previous session as looming US sanctions against major oil producer and OPEC-member Iran threatened to tip an already tight market into undersupply, it said.