10 things you need to know before the opening bell on May 16
Updated : 2019-05-16 08:05:29
Indian shares are set for a flat start on Thursday as investors remained cautious amid US-China trade tensions and ahead of Lok Sabha elections results next week. Indian Meteorological Department said the southwest monsoon could be delayed by five days and is likely to hit Kerala on June 5. Moreover, Indian trade data showed that merchandise exports stood at $26 billion in April, while imports at $41.4 billion, leading to a trade gap of $15.33 billion, the widest deficit since November 2018. Asian shares were steady after reports that US President Donald Trump is planning to delay tariffs on auto imports, giving much-needed relief to markets. Indian benchmark indices BSE Sensex and NSE’s Nifty 50 settled over 0.5 percent lower in the previous session. At 06:53 AM, the SGX Nifty was up 8 points, or 0.07 percent, at 11,170, indicating a sluggish start for the Sensex and the Nifty.