• SENSEX
    NIFTY 50

Nigel D’Souza's market update on May 28: Sensex, Nifty likely to open flat; IndiGo, Zee Ent, Reliance Cap in focus

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are likely to open flat on Tuesday ahead of F&O expiry this week and as investors await Q4 GDP data due to be released on Friday.

According to SBI research, India’s Q4 GDP is expected to moderate to 6.1 percent to 5.9 percent, which could pull down growth rate for the entire fiscal 2018-19 to below 7 percent.

Asian shares traded higher after EU election results eased concerns about political difficulties in the bloc, although persistent trade concerns capped gains.

Indian shares settled over half a percent higher in the previous session, rising for the second session after the Lok Sabha election results.

At 7.15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 17 points, or 0.14 percent, lower at 11,907, indicating a muted beginning for the Sensex and the Nifty.

Stocks to watch: IndiGo, Zee Entertainment, Reliance Capital in focus. Click here to know 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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