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May 3: Here's what you should know before the opening bell

May 3: Here's what you should know before the opening bell

May 3: Here's what you should know before the opening bell
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By Nidhi Chugh  May 3, 2018 12:01:54 PM IST (Updated)

The Indian market closed flat on Wednesday after a rangebound session with the Sensex closing 35,176 points and NSE Nifty above 10,700 at 10,716 points.

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Here's what you should know before the opening bell
  • Vedanta, IRB infra, JSW Energy, HCC, among others will declare their quarterly earnings today.
  • Oil prices fell early on Thursday, pulled down by a rise in US crude inventories and record weekly US production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.
  • The US market ended lower with the Dow Jones losing over 150 points.
  • The Japanese stock market is shut today on the occasion of Constitutional Memorial Day.
  • The Asian stocks are currently under pressure with Korea's Kospi falling by over 0.07% and other indices - Taiwan and Straits Times - falling by about a percent.
  • US-based retail giant Walmart is keen on Indian e-commerce giant Flipkart's initial public offering (IPO) post-acquisition, said people familiar with the matter.
  • InterGlobe Aviation, the operator of India's largest airline IndiGo, reported a 73.3% fall in profit at Rs 117.6 crore due to an increase in fuel prices, decline in yields and the foreign exchange impact.
  • The Federal Reserve held interest rates steady on Wednesday and expressed confidence that a recent rise in inflation to near the US central bank's target would be sustained, leaving it on track to raise borrowing costs in June.
  • Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

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