NIFTY 50

Nigel D’Souza's market update on April 22: Sensex, Nifty likely to open weak; HDFC Bank, Jet Airways, RIL in focus

The Indian stock market is set to open little changed on Monday following flat Asian stocks and rising crude oil prices. Many markets in Asia, Europe and North America are shut down for Good Friday.

Market sentiment this week would be largely guided by the ongoing fourth quarter results season, with a host of front-line companies slated to come out with their financial report cards, analysts said. Indian stock and forex markets were closed on Friday on account of Good Friday.

Oil prices spiked on a report the US is likely to ask all importers of Iranian oil to end their purchases or face sanctions. India is one of the major oil importers from Iran.

At 07:17 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 10 percent at 11,796.50, indicating a weak start for the Sensex and Nifty.

Stocks in focus: HDFC Bank, Jet Airways, RIL. Click here to read more.

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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