Nifty likely to open flat.
The Nifty50 is expected to open flat-to-lower on May 3 following weak trend seen in other Asian markets. The index closed 23.40 points lower at 11,724.80 on May 2. Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 12 points, or 0.10 percent. Nifty futures were trading around 11,743 - level on the Singaporean Exchange. US stocks eased further from recent record highs on Thursday as energy shares dropped along with oil prices and investors continued to digest comments by Federal Reserve Chairman Jerome Powell, said a Reuters report. Asian share markets were subdued on Friday amid thin holiday trade although the dollar found support as investors pared expectations for a US rate cut this year while oil prices loitered near one-month lows on oversupply fears.
Global Market:
Asian Markets: Shares in Hong Kong are lower today as the Hang Seng falls 0.31%. The stock markets in Tokyo and Shanghai are closed at this time.
US Markets: North and South American markets finished lower today with shares in Brazil leading the region. The Bovespa is down 0.86% while Mexico's IPC is off 0.64% and U.S.'s S&P 500 is lower by 0.21%.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.01%, while the CAC 40 led the FTSE 100 lower. They fell 0.85% and 0.46% respectively.
Major Headlines of the day:
Rupee opens at 69.39 per dollar.
Hero MotoCorp April sales drop 17.2% at 5.74 lakh units Despite the challenging market conditions, Hero MotoCorp registered over 7.8 million unit sales in the recently concluded the financial year 2019.
Standard Life to sell 1.78% stake in HDFC Life Insurance DSP Merril Lynch is the broker for the sale process on behalf of Standard Life.
JSW enters paints business with Rs600cr investment: Media report JSW Paints, the promoter-owned company, will produce both decorative and industrial paints.
Earnings Reaction To Watch
BIRLA CORP
CENTURY
CHOLAMANDALAM
GODREJ CONSUMER
HUL
L&T TECHNOLOGY
TATA CHEMICALS
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