Market Pre-Opening Podcast on May 4, 2018

Moneycontrol News

The Nifty50 is expected to open lower on Friday following weak trend seen in other Asian markets. The Nifty50 closed 38 points lower at 10,679 on Thursday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 33.5 points or 0.31 percent. Nifty futures were trading around 10,673-level on the Singaporean Exchange.

The S&P 500 ended lower on Thursday after a choppy session as disappointing earnings reports from several companies offset strong economic data, said a Reuters report.

Asian shares were steady while the Japanese yen held onto overnight gains in early trading as financial markets turned their attention to the looming US payrolls data for fresh catalysts, said the report.

The Dow Jones Industrial Average rose 5.17 points, or 0.02 percent, to 23,930.15, the S&P 500 lost 5.94 points, or 0.23 percent, to 2,629.73 and the Nasdaq Composite dropped 12.75 points, or 0.18 percent, to 7,088.15.