All eyes on Karnataka election results, markets to stay volatile - Highlight Investment Research

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Tuesday 15 May 2018

All eyes on Karnataka election results, markets to stay volatile

SGX Nifty is currently trading flat down 3 points at 10,805.

Volatility in the market is expected to surge during the session, as the counting for the crucial Karnataka assembly poll gets underway. Britannia Industries, Crompton Greaves Consumer, Karnataka Bank, Lupin, PNB, and Reliance Communications are some of the large-cap companies set to announce their Q4 results today.

Global markets
Asian markets are trading flat, Nikkei is up 0.07%, Hang Seng is down 0.34%, while the Shanghai Composite is trading up 0.07%.

US Markets: Stocks manage to close in the green but off the high point of the day. The Dow closed 0.3% higher at 24,889.41, the Nasdaq and S&P 500 inched up 0.1% to 7,411.32 and 2,730.13 respectively.

The early strength on Wall Street came amid easing trade tensions ahead of the second round of trade talks between the US and China this week.

European markets closed marginally in the red yesterday with FTSE and DAX closing 0.18% lower, while the CAC was down 0.02%.





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