The global markets show a slight recovery, indicating a green opening for the Indian market.

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Asian shares crept higher on Monday after a tame reading on US wages lessened the risk of faster rate hikes by the Federal Reserve, although Sino-US trade tensions and a looming deadline for the Iranian nuclear deal argued for caution.

Japan's Nikkei is currently trading with half a percent dip while Hong Kong's Hang Seng is trading with a 0.68% high. Korea's Kospi, however, is shut today on account of Children's Day.

The US market closed largely higher on Friday with all the indices in the green after the tech stocks helped to pull the market up in trade.

The Indian market closed largely lower on Friday after a weak session in trade due to global cues. The indices had shed 0.6% each.

The Sensex closed at 34,915 points, and the Nifty closed at 10,618 points with Sun Pharma being the major index loser throughout the day. Sun Pharma lost more than 3% in trade on Friday.

ICICI Bank is set to declare its quarterly results.

First Published:May 7, 2018 7:17 AM IST