The Indian share market is expected to have a weak opening as trends on the SGX Nifty indicate a negative start for the index in India. The S&P BSE Sensex closed below 50,000 due to profit booking on the end of the April series, while the Nifty saw sales pressure above 50, 15,000.
The stock market made investors happy on Thursday morning when the market Sensex opened beyond 50 thousand and the Nifty crossed 15 thousand. However, later the market has got a break on the boom and finally, the market closed with a slight increase. On April 29, Sensex closed at 49,765 with a gain of 32.06%. At the same time, NSE Nifty was also up 17 points at 14,881.
The sectoral index saw buying in metal, energy, oil and gas and healthcare stocks, while profit booking was seen in auto, telecom, consumer and capital goods.
The S&P 500 closed at a record high on Thursday. It benefited from Facebook’s strong earnings, while investors are waiting for Amazon’s upcoming results. The Dow Jones Industrial Average rose 0.71% to close at 34,059.42 points, while the S&P 500 rose 0.64% to 4,210.02.
The trend on the SGX Nifty indicates a negative start for the broader index in India, with a fall of 81 points or 0.54 percent. The Nifty futures was trading at a level of 14,850 on the Singapore Exchange at 7:20 IST.
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