Sensex, Nifty likely to open lower; SBI, L&T, Jet Airways in focus
Episode 252, May 13, 2019, 02:10 AM
Indian shares are likely to open lower on Monday as global markets remained under pressure amid growing uncertainty over the US-China trade deal. Asian shares slipped over concerns whether the two countries will be able to reach a deal to end their trade war after Washington sharply hiked tariffs.
Investors remained cautious ahead of retail inflation data this week and Lok Sabha election results next week. On Friday, the Sensex and the Nifty 50 closed 0.20 percent lower.
At 06:53 AM, the SGX Nifty was down 35 points, or 0.31 percent, at 11,248.50, indicating a negative start for the Sensex and the Nifty.
Stocks to watch: State Bank of India, L&T, Jet Airways in focus.