Sensex, Nifty likely to open tepid; Sun Pharma, Manappuram Finance, Bharti Airtel in focus
Episode 264, May 29, 2019, 02:11 AM
Indian benchmark indices are likely to open tepid on Wednesday following losses in global markets.
Asian shares fell over concerns of trade tensions between the US and China. US President Donald Trump said on Monday that the US was not ready to make a deal with China yet, and also pressed Japan to reduce its trade imbalance with the US.
Investors in India were also cautious ahead of F&O expiry and key economic data due this week. Indian shares settled marginally higher in the previous session, extending gains for the third straight day.
The Sensex settled 66 points higher at 39,750, while the Nifty50 added 16 points to end at 11,941.
At 7.10 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 19 points, or 0.16 percent, lower at 11,910, pointing to a muted start for the Sensex and the Nifty 50.
Stocks to watch: Sun Pharma, Manappuram Finance, Bharti Airtel in focus.