10 things you need to know before the opening bell on May 6
Updated : May 06, 2019 08:24 AM IST
Indian shares are set to open lower on Monday following weak cues from global markets and as investors turned cautious ahead of Lok Sabha election results and amid ongoing March-quarter earnings season. In global markets, Asian shares fell, oil prices slumped and the safe-haven yen strengthened as trade negotiations between China and the US deteriorated suddenly, reversing apparent progress made in recent months. On Friday, Indian benchmark indices ended flat as investors remained cautious amid March-quarter earnings season. The indices posted marginal gains for the week. At 07:00 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.42 percent at 11,711, indicating a weak start for the Sensex and Nifty.