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Global market: SGX Nifty, US dollar to Q4 results
Global markets today: SGX Nifty trades lower in the early trade of Monday, hinting at a gap-down start in Indian equities. However, Q4 results bring in more trading opportunities. Global factors are likely to be the focal factors for setting the tone of equities. Asian counterparts traded on a mixed note ahead of Japan and China's economic data coupled with a host of upcoming U.S. Federal Reserve officials' speeches. Wall Street clocked a second straight weekly fall, while the US dollar stays firm above the 101 critical mark. Treasury bond yields are unchanged, on the contrary, crude oil prices are under pressure. Ajit Mishra, VP - Technical Research, Religare Broking said, “Participants will react to the macroeconomic data viz. IIP and CPI data first, which was released post market on Friday. And, the WPI inflation data is also scheduled on May 15. Apart from economic releases, global cues, especially the performance of the US Indices and the trend of foreign flows will also be in focus for cues." Source - https://www.livemint.com/market/stock-market-news/global-market-sgx-nifty-us-dollar-to-q4-results-key-triggers-that-may-dictate-indian-stock-market-today-15th-may-11684113953972.html
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