Market Pre-Opening Podcast for May 3, 2018

Moneycontrol News

The Nifty50 is expected to open lower on Thursday following muted trend seen in other Asian markets. The Nifty50 closed 21 points lower at 10,718 on Wednesday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 48.5 points or 0.45 percent. Nifty futures were trading around 10,708-level on the Singaporean Exchange.

US stocks fell on Wednesday as potential US restrictions on Chinese telecom companies reinforced investor concerns about worsening trade relations between the United States and China, said a Reuters report.

Asian shares were subdued on Thursday ahead of anxiously-awaited Sino-US trade talks, while the US dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes this year, it said.