Market Pre-Opening Podcast on April 6, 2018

Moneycontrol News

The Nifty50 is expected to open flat on Friday tracking muted trend seen in other Asian markets. The Nifty index closed 196 points higher at 10,325 on Thursday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 16 points or 0.15 percent. The Nifty futures were trading around 10,340-level on the Singapore Stock Exchange.

The Dow and the S&P 500 posted gains for a third day in a row on Thursday, the longest streak in about a month, as investors’ worries of an escalating trade conflict between the United States and China eased and their focus on upcoming earnings grew.

The Dow Jones Industrial Average rose 240.92 points, or 0.99 percent, to 24,505.22, the S&P 500 gained 18.15 points, or 0.69 percent, to 2,662.84 and the Nasdaq Composite added 34.45 points, or 0.49 percent, to 7,076.55, Reuters reported.

Asian markets were trading mixed after US President Donald Trump proposed additional tariffs on China, aggravating trade tensions and smothering a revival in broader investor risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.25 percent, said a report.