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Mangalam Maloo's market update on May 7: Sensex, Nifty likely to open mixed; ICICI Bank, HDFC Bank, Bharti Airtel in focus
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Mangalam Maloo's market update on May 7: Sensex, Nifty likely to open mixed; ICICI Bank, HDFC Bank, Bharti Airtel in focus
May 6, 2019 11:06 PM

Indian markets are likely to stay volatile on Tuesday amid a selloff in global markets after trade tensions between the US and China escalated. Moreover, March-quarter earnings and Lok Sabha election results also added uncertainty in the markets.

Asian shares traded near five-week lows after US President Donald Trump's threat to raise tariffs re-ignited worries about US-China trade tensions.

In the previous session, benchmark indices BSE Sensex and NSE’s Nifty 50 plunged nearly 1 percent, eroding Rs 1.24 lakh crore in market capitalization.

At 7.44 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.33 percent trading at 11,695, indicating a mixed start for the Sensex and Nifty.

Stocks in focus: ICICI Bank, HDFC Bank, Bharti Airtel.



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