10 things you need to know before the opening bell on May 20
Updated : 2019-05-20 07:33:29
Indian shares are set to open higher with a positive bias on Monday after News18-Ipsos exit polls data indicated Narendra Modi scoring an emphatic win for his BJP-led National Democratic Alliance (NDA) with 336 seats. Analysts said the equity market has already priced in Narendra Modi's win, however, the exit poll numbers will further boost Indian benchmark indices BSE Sensex and NSE's Nifty 50. Meanwhile, in global markets, the negotiations between the US and China have hit a pause after US President Donald Trump has increased scrutiny on Chinese telecom companies. On Friday, the Sensex surged 537.29 points, or 1.44 percent, to 37,930.77, and the Nifty 50 rallied 150.05 points, or 1.33 percent, to 11,407.15. At 07:00 AM, the SGX Nifty was trading higher by 231.50 points or 2.02 percent at 11,666.