- SENSEXNIFTY 50
Mangalam Maloo's market update on May 31: Sensex, Nifty likely to open flat; Tata Steel, PSU banks, Lupin, RCom, Infibeam in focus
Indian shares are set to open flat on Friday ahead of fourth-quarter gross domestic product (GDP) data due to be released after 5.30 PM today.
The median forecast in the latest Reuters poll showed the economy was expected to have grown 6.3 percent in the January-March quarter, the slowest annualised pace in nearly two years.
Asian stocks and US futures tanked over concerns of a slowdown in the global economy after US President Donald Trump opened a new front in the trade war by slapping new tariffs on Mexico goods.
Indian benchmark indices BSE Sensex and NSE’s Nifty 50 settled at record high levels in the previous session led by IT and banking stocks.
The Sensex settled 330 points higher at record closing high of 39,832, while the Nifty50 added 85 points to end at fresh closing high of 11,946.
At 7.20 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 11.5 points, or 0.10 percent, higher, pointing to a flat start for the Sensex and the Nifty.
Stocks to watch: Sensex, Nifty likely to open flat; Tata Steel, PSU banks, Lupin, RCom, Infibeam in focus.
About MarketBuzz
The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors.
MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to jumpstart your stock market investing.
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