Market Pre-Opening Podcast on May 22, 2018

Episode 61,   May 22, 2018, 03:27 AM

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The Nifty50 is expected to open flat-to-negative on Tuesday following muted trend seen in other Asian markets. The index closed 79 points lower at 10,516 on Monday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27 points, or 0.26 percent. Nifty futures were trading around 10,515 on the Singaporean Exchange.

US stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent, said a Reuters report.

Asian markets were subdued on Tuesday, shrugging off gains seen on Wall Street as recent US-China trade tensions cooled. The Nikkei 225 tracked lower by 0.08 percent after starting the session with slight gains, it said.