Market Pre-Opening Podcast on April 05, 2018

Moneycontrol News

The Nifty50 is expected with a gap on the higher side on Thursday, tracking positive trend seen in other Asian markets and a strong handover from Wall Street. The Nifty index closed 116 points lower at 10,128 on Wednesday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 157 points or 1.55 percent. The Nifty futures were trading around 10,287-level on the Singapore Stock Exchange.

Wall Street’s three major indexes staged a comeback to close around 1 percent higher on Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading, Reuters reported.

The Dow Jones Industrial Average rose 230.94 points, or 0.96 percent, to close at 24,264.30, the S&P 500 gained 30.24 points, or 1.16 percent, to 2,644.69 and the Nasdaq Composite added 100.83 points, or 1.45 percent, to 7,042.11.

Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-US trade tensions, with investors hoping a full-blown trade war between the world’s two biggest economies can be averted, Reuters reported.

Markets in mainland China, and those in Hong Kong and Taiwan are closed on Thursday.