The markets are expected to remain tepid on Friday while fall in crude oil prices may offer some support to Indian equities. Meanwhile, Asian share markets were subdued amid thin holiday trade although the dollar found support as investors pared expectations for a US rate cut this year while oil prices loitered near one-month lows on oversupply fears. US stocks eased further from recent record highs on Thursday as energy shares dropped along with oil prices and investors continued to digest comments by US Federal Reserve Chairman Jerome Powell. Against the Japanese yen, the dollar was idling at 111.46, having spent the entire week in a tight 111.03-111.89 range. In commodities markets, oil prices fell after US crude production output set a new record, though the losses were capped by the intensifying political crisis in Venezuela and the stopping of Iranian oil sanction waivers by Washington.

Source: Mint May 03, 2019 03:22 UTC