It looks like it could be a bit of a subdued start to begin trade with for starters, Wall Street ended lower. The Dow Jones was down 1 percent and NASDAQ was down close to about 10.2 percent. There are concerns about the possibility of a US debt ceiling stand off as the deadline approaches retail sales were a Miss Home Depot guidance was a bit subdued. Chinese data has also come in lower than what the street was anticipating and that's the reason why crude prices too have seen a bit of a decline. The China industrial production data has come in at 5.6 percent was estimates of 10.9 per property investment. New home sales have declined. Copper prices are at a five-month low. Zinc is trading at an October 2020 low. So commodities are a bit on the back foot, hence keep your eye out on metals this morning. Brent crude is currently around $70 per barrel mark. The Indian market still in the last 1, 1.5 hour on trade maybe by due to the Nifty expiry. But there was a sharp sell-off particularly

Broadcast on:

17 May 2023