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Global cues may lead to mixed opening for market; Bajaj Auto likely to declare quarterly results
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Global cues may lead to mixed opening for market; Bajaj Auto likely to declare quarterly results
May 17, 2018 10:21 PM

The market is likely to open mixed, with a negative bias, due to global cues.

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NSE

On the Asian front, Japan's Nikkei and Korea's Kospi are trading in the green while the SGX Nifty is trading at 10,674 levels versus the Nifty May Future close of 10,672, indicating a flat opening for the Indian market.

Wall Street ended slightly lower on Thursday as investors grappled with US-China trade tensions after US President Donald Trump said that China "has become very spoiled on trade".

Volatility in the Indian market continued for the third session in a row due to political uncertainty in Karnataka.

The Sensex closed 239 points lower at 35,149 after trading in a range of 422 points. The 50-stock Index, Nifty finished the session 58 points lower at 10,683.

On the earnings front, Bajaj Auto, Bhushan Steel, Ashok Leyland, Strides Shasun, Dalmia Bharat, among others, will declare their quarterly earnings today.

First Published:May 18, 2018 7:21 AM IST

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