MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.2% while Japan's Nikkei rose 0.4%. That provided some support for stocks in early Asian trade though sentiment remains cautious. Trump also said on Thursday he was taking steps to authorise new tariffs on $325 billion in Chinese imports. Back home, major companies that will announce March quarter results today are State Bank of India (SBI), L&T, Allahabad Bank, Canara Bank, Syndicate Bank, Eicher Motors, Glaxosmithkline Consumer Healthcare and IDFC First Bank among others. Brent rose 0.7% to $70.86 a barrel while US West Texas Intermediate (WTI) crude gained 0.9% to $62.24 per barrel.

Source: Mint May 10, 2019 03:22 UTC