Market Pre-Opening Podcast on June 21, 2018

Episode 163,   Jun 21, 2018, 03:13 AM

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Moneycontrol News

The Nifty50 is likely to open flat on Thursday following muted trend seen in other Asian markets. The Nifty closed 61 points higher at 10,772 on Wednesday.

Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 9.5 points or 0.09 percent. Nifty futures were trading around 10,802-level on the Singaporean Exchange.

US markets ended the day yesterday mixed with the Nasdaq Composite closing at a record high and the Dow trapped in its longest losing streak since March 2017 as US trade concerns lingered, said a Reuters reported.

Asian shares were subdued on Thursday as a lull in the Sino-US trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an OPEC meeting that may expand crude supply, it said.