Sensex, Nifty Set To Have A Weak Opening

Asian shares slipped early on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 per cent, with Japan's Nikkei falling 0.4 per cent and China's CSI 300 losing 0.5 per cent

The domestic stock markets are likely to open in the negative, after four successive days of gains, going by early indications from SGX Nifty futures trading. Trends on SGX Nifty indicate a negative start for the Nifty in India, with a loss of 190.50 points or 1.28 per cent. At 8:00 am, the Nifty futures were trading at 14,740.50,weaker by 190.50 points or 1.28 per cent on the Singapore Stock Exchange. Asian shares slipped on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 per cent, with both Japan and China falling ahead of a long weekend; the two markets will be closed through Wednesday. Japan's Nikkei fell 0.4 per cent and China's CSI 300 lost 0.5 per cent in early trade. Overnight, the S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while investors awaited upcoming results from Amazon. The Dow Jones rose 0.71 per cent and S&P 500 gained 0.64 per cent.