10 things you need to know before the opening bell on May 9
Updated : 2019-05-10 06:37:50
Indian bourses are likely to see a tepid start on Thursday as global markets remained under pressure over US-China trade tensions. Asian shares hit six-week lows in early trade after a notice on the Federal Register said the United States will raise tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent effective on Friday.
Indian shares declined over 1 percent in the previous session, falling for the sixth straight session. The Nifty 50 closed 1.2 percent weaker at 11,359.45, marking its lowest close in more than six weeks. The Sensex ended down 1.3 percent at 37,789.13, posting its lowest closing level in nearly eight weeks.
At 7.14 AM, the SGX Nifty was down 9.50 points, or 0.10 percent, at 11,393.50, indicating a sluggish start for the Sensex and the Nifty.