• SENSEX
    NIFTY 50

Reema Tendulkar's market update on May 30: Sensex, Nifty likely to open little changed; RCom, Bharti Airtel, Manpasand Beverages in focus



Indian shares are set to open little changed on Thursday ahead of the expiry of futures and options contracts and fourth-quarter gross domestic product (GDP) data.

Investors will also keep an eye on new government formation and ministry allocation as Narendra Modi is set to take oath as the prime minister of India for the second term.

In global markets, Asian shares fell following losses on Wall Street as US and China showed no signs of easing trade tensions. Chinese newspapers reported that Beijing could use rare earths to strike back at Washington, reported Reuters.

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 settled snapped a three-day losing streak and settled 0.6 percent lower in the previous session. The Sensex settled 248 points lower at 39,502, while the Nifty50 lost 68 points to end at 11,861.

At 7.10 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 15 points, or 0.13 percent, at 11,879, indicating a mixed start for the Sensex and the Nifty 50.

Stocks in watch: RCom, Bharti Airtel, Manpasand Beverages 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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