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Markets are likely to remain range-bound tracking mixed global cues.
At 8:25AM, the SGX Nifty was down 5 points at 6,670.
Asian shares mostly slumped on Friday as a tense situation in Ukraine made investors cautious, though a tame inflation report from China calmed some nerves.
The euro remained on a shaky footing after tumbling overnight when European Central Bank President Mario Draghi said the central bank might act to stem slowing inflation and boost the euro zone economy.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%, on track for a slight weekly loss, but off session lows after data showed China's inflation in April was broadly in line with expectations.
US stocks mostly fell on Thursday with the S&P 500 and the Nasdaq closing lower, led by losses in the energy and utility sectors. The Nasdaq ended lower for a third straight session, its longest losing streak since early April.
Stocks in Focus
Wonderla IPO will be listed today. The Wonderla Holidays’ shares have been quoting at a good premium.
The Adani, GVK and Lanco groups are looking to sell part of their stakes in Australian coal mining projects to reduce debt and get financial and technical partners on board.
FTIL and MCX will remain under pressure as promoter Jignesh Shah and former Multi Commodity Exchange managing director & chief executive Shreekhant Javalgekar will remain in police custody till May 15.
SBI would start a special scheme for children soon.
Tata Motors' Singapore-based subsidiary TML Holdings has raised $300 million (Rs 1,800 crore) through a debt securities issue.
Bharti Airtel plans annual capital expenditure of $1 billion in the next few years and will focus on deepening investments in 17 African countries rather than entering new markets
