MARKETS LIVE: Q4 nos, US-China trade talks, oil prices top factors to watch

Domestic indices will take cues from developments on US-China trade deal discussion and March quarter earnings to steer through the day.
 

On Thursday, the benchmark S&P BSE Sensex lost 230 points, or 0.6 per cent, to settle at 37,559 levels. The broader Nifty50 just about pipped the psychological levels of 11,300 to close at 11,302. It lost 58 points, or 0.5 per cent.
 

Oil and Rupee
 

US oil prices rose on Friday on renewed optimism that a trade deal between Washington and Beijing could be struck.
 

Brent crude futures were at $70.85 a barrel at 5:51 am, up 0.7 per cent, from their last close.
 

The rupee on Thursday closed at Rs 69.94 per US dollar against Wednesday’s close of Rs 69.71.  
 

Global cues
 

Asian shares firmed up from two-month lows on Friday on hopes that Washington may suspend its plan to raise tariffs on $200 billion worth of Chinese goods.
 

MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.2 per cent while Japan’s Nikkei rose 0.4 per cent.
 

On Wall Street, S&P 500 index lost 8.7 points (0.3 per cent) to end at 2,871 levels, while Nasdaq ended 33 points (0.4 per cent) lower at 7,910 levels. Dow Jones Industrial Average too shed 139 points (0.54 per cent) to close at 25,828 levels.
 

At 7:37 am, SGX Nifty was trading 3.5 points lower at 11,338.5 levels. 

(With inputs from Reuters)