Sensex, Nifty Seen Opening Lower On Weak Global Cues

(RTTNews) - Indian shares may open lower on Friday as investors await macro data as well as earnings results from IT majors for directional cues.

The government will unveil industrial production and retail inflation data while IT majors TCS and Infosys are set to kick off the March-quarter earnings season.

Benchmark indexes Sensex and the Nifty ended Thursday's session on a flat note as 91 constituencies spread across 18 States and two Union Territories went to polls in the first phase of Lok Sabha elections.

The rupee rose by 19 paise to 68.92 per dollar, extending gains for the third straight day.

Asian stocks are trading mixed this morning and the dollar held firm after the release of strong labor and inflation data while oil prices held firm after ending sharply lower overnight on concerns over surging U.S. crude inventories.

West Texas Intermediate crude oil futures fell 1.6 percent on Thursday while Brent crude dropped 1.3 percent.

Overnight, U.S. stocks fell in thin trading as growth worries lingered and investors braced for the start of the corporate earnings season.

The Dow slid 0.1 percent and the S&P 500 ended flat while the tech-heavy Nasdaq Composite eased 0.2 percent.

European markets ended mostly higher on Thursday after the European Union extended the deadline for Brexit.

The pan European Stoxx 600 edged up marginally. The German DAX rose 0.3 percent and France's CAC 40 index gained 0.7 percent while the U.K.'s FTSE 100 slipped 0.1 percent.
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