Morning comments Indian markets could open lower, in line wit | Make Money with Amit Bhawani 👨‍🏫💲

Morning comments

Indian markets could open lower, in line with mostly lower Asian markets today and mostly lower US markets on Thursday.…

U.S. stocks closed mostly lower on Thursday, with the Dow Jones Industrial Average leading the way down as disappointing earnings from Disney weighed on the blue-chip gauge, while investors grappled with another selloff in shares of regional banks and the threat of a U.S. debt default.
Disney shares fell 8.7%, making it the worst-performing stock on the Dow, according to FactSet data. The company announced it lost 4 million subscribers in the last quarter after hiking prices for its streaming service, Disney+. Shares of PacWest Bancorp fell 22.7% after the company disclosed a 9% decline in deposits in recent weeks. Shares of Alphabet Inc rose, a day after Google rolled out more artificial intelligence products to take on competition from Microsoft Corp.

The US producer-price index for April, released before the market open on Thursday showed wholesale prices grew by just 0.2% last month, lower than the 0.3% increase economists polled by The Wall Street Journal had expected. The number of Americans filing new claims for unemployment benefits jumped to a 1-1/2-year high last week.
Morgan Stanley Capital International has announced the addition of Max Healthcare, Hindustan Aeronautics and Sona BLW Precision to its India Standard Index, as part of May 2023 rejig. On the other hand, Adani Transmission, Adani Total Gas and Indus Towers have been deleted from the MSCI India Standard Index. MSCI has announced the biggest weight increase in Kotak Mahindra Bank, which could lead to inflow of $810 million.

Asia-Pacific markets are trading mostly lower Friday after the U.S. posted more data that showed inflation was easing.

Nifty ended a volatile day lower on May 11. At close, Nifty was down 0.10% or 18.1 points at 18297. Nifty made a higher high and higher bottom compared to the previous session but closed lower. Largecaps keep reacting to unexciting results while the broader market is doing well. Nifty could stay in the 18211-18390 band for the near term.