Stocks to stay volatile, global mkts eyed

Stocks to stay volatile, global mkts eyed

FPJ BureauUpdated: Friday, May 31, 2019, 07:04 PM IST
article-image

MUMBAI:  Benchmark indices will continue to trade volatile on Friday as global market sentiment remains weak owing to sharp fall in crude oil prices and increasing concerns over global economic growth.  Market participants will watch out if the sell-off in global equities continues while keeping an eye on earnings, particularly of Hindustan Unilever and Zee Entertainment. On Thursday, the Nifty 50 closed at 7536.80, down 25.60 points and the S&P BSE Sensex closed at 24772.97, down 81.14 points. Dealers expect the Nifty 50 to find support around 7500 points but if the level is breached on a closing basis, a fall towards 7350 points is likely.

RECENT STORIES

How To Enjoy Trouble Free Elevator Operations During The Summer Season

How To Enjoy Trouble Free Elevator Operations During The Summer Season

Why Are Residential Townships More Appealing In Comparison To Other Housing Options?

Why Are Residential Townships More Appealing In Comparison To Other Housing Options?

Real Estate: Strategies For Building Long-Term Wealth

Real Estate: Strategies For Building Long-Term Wealth

NAREDCO Hails REITs As Game-Changer For Accessibility In Indian Real Estate Investment

NAREDCO Hails REITs As Game-Changer For Accessibility In Indian Real Estate Investment

Gold Shines Bright: Jumps ₹400 To Breach ₹74,000 Mark; Silver Hits Fresh Peak

Gold Shines Bright: Jumps ₹400 To Breach ₹74,000 Mark; Silver Hits Fresh Peak