Best Stock Tips- Sensex, Nifty edge down, banking stocks drag

Indian shares expected to trade cautious following global trade war worries. SGX Nifty futures traded lower in early trading, indicating negative opening for BSE Sensex and NSE’s Nifty 50. Asian shares fell on escalating trade tensions between US and major economies. Oil prices declined by more than 2% early as Opec and Russia agreed on a modest increase in production. Indian markets are likely to remain volatile ahead of expiry of June futures and options contracts, and amid escalating trade tensions between US and other major world economies. Moreover, movement in oil prices will also be keenly watched after Opec members agreed on a modest increase in production.The Indian Rupee traded lower against the US dollar on Monday, tracking the losses in Asian currencies. At 9.08 am, the rupee was trading at 68.12 a dollar, down 0.43% from its Friday’s close of 67.83. It opened at 67.99 a dollar and touched a high and a low of 67.90 and 68.13 respectively. The 10-year bond yield was trading at 7.807% compared to its previous close of 7.820%. Bond yields and prices move in opposite directions.Get Instant Free Trial click here
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