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May 11: Here's what you should know before the opening bell

May 11: Here's what you should know before the opening bell

May 11: Here's what you should know before the opening bell
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By CNBC-TV18 May 11, 2018 7:35:27 AM IST (Published)

The Indian stock market erased opening gains on Thursday to close in the red with the Sensex closing with a fall of 73 points at 35,246 and the Nifty slipping 25 points at 10,717.

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Here's what you should know before the opening bell
  • Fortis Healthcare on Thursday decided to recommend the binding offer of Hero Enterprise Investment Office (Hero) and the Burman Family Office (Burman) for shareholder’s approval as recommended by the Expert Advisory Committee (EAC), the company said in a statement.
  • Japan's Nikkei climbed 0.7 percent while South Korea's KOSPI added 0.6 percent. Australian and New Zealand shares were both up 0.2 percent.
  • On Wall Street, the Dow rose 0.8 percent, the Nasdaq Composite gained 0.89 percent and the S&P 500 rose 0.9 percent, surging past key resistance of 2,717 points.
  • The SGX Nifty is currently trading at 10,782 as against the Nifty May Future's Thursday close of 10,768, indicating a positive opening for the Dalal Street.
  • Oil prices on Friday held multi-year highs reached the previous session as looming US sanctions against major oil producer and OPEC-member Iran threatened to tip an already tight market into undersupply.
  • The US consumer price index rose 0.2 percent last month, below analyst forecasts of 0.3 percent, as a moderation in healthcare prices offset increases in the cost of gasoline and rental accommodations.
  • Two top officials of the Trump administration have sought greater market access and transparency in India’s farm sector after the US complained to the World Trade Organisation on India’s Minimum Support Price (MSP) regime on wheat and rice.
  • Gold prices were steady in early trade on Friday, as the dollar held below its 2018 highs against a basket of currencies after softer-than-expected US inflation data.
  • Sebi and RBI are likely to extend the close time by three hours for currency derivatives to 8 PM, Moneycontrol reported.
  • Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

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