Market Pre-Opening Podcast on May 17, 2018

Moneycontrol News

The Nifty50 is likely to open on a flat note Thursday following muted trend seen in Asian stocks. The index closed down 60.80 points at 10,741.10 on Wednesday.

The SGX Nifty futures also indicated flat trade as it was trading at 10,765.50, up 1.50 points on the Singaporean Stock Exchange.

Asian stocks were narrowly mixed, shrugging off the firmer close on Wall Street as the yield on the US 10-year Treasury stayed above 3 percent, reports CNBC.

US stocks rose on Wednesday as retail shares jumped on the back of strong quarterly earnings from retailer Macy's.

The Dow Jones industrial average closed 62.52 points higher at 24,768.93. The S&P 500 gained 0.4 percent to 2,722.46 and the Nasdaq composite advanced 0.6 percent to 7,398.30, reports CNBC.