Market Pre-Opening Podcast on April 09, 2018

Moneycontrol News

The Nifty50 is expected open flat-to-lower on Monday tracking muted trend seen in other Asian markets and weak handover from Wall Street. The Nifty50 index closed 6.45 points higher 10,331.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 35.5 points or 0.34 percent. Nifty futures were trading around 10,306-level on the Singapore Stock Exchange.

US stocks dropped about 2 percent on Friday, with the Dow falling more than 570 points, as US President Donald Trump's latest tariff threat on Chinese imports fuelled increasing concern over a US trade war with China, Reuters reported.

Asian shares started flat on Monday as US President Donald Trump kept up his twitter war with China over trade just a couple of days before President Xi Jinping gives a keynote speech on his policy priorities, Reuters reported.

Losses across the region were minor with MSCI’s broadest index of Asia-Pacific shares outside Japan off just 0.05 percent. Japan’s Nikkei wavered either side of flat, and South Korea edged ahead by 0.1 percent.