Market Pre-Opening Podcast on April 17, 2018

Moneycontrol News

The Nifty50 is expected to open flat on Tuesday following muted trend seen in SGX Nifty. But, positive handover from Wall Street and stable Asian markets may push the index higher. The Nifty closed 47 points higher at 10,528.35 on Monday.

Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 3 points. Nifty futures were trading around 10,544-level on the Singapore Stock Exchange.

US stocks closed higher on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about earnings season and appeared less worried about US-led missile attacks in Syria, Reuters reported.

The Dow Jones Industrial Average rose 212.9 points, or 0.87 percent, to 24,573.04, the S&P 500 gained 21.54 points, or 0.81 percent, to 2,677.84 and the Nasdaq Composite added 49.64 points, or 0.7 percent, to 7,156.29.

Asia stocks edged higher on Tuesday, tracking Wall Street gains as the focus shifted to corporate earnings and looming economic data from China amid signs Western-led strikes on Syria weren’t likely to escalate, a Reuters report said.