Asian Shares trade Mixed, Nikkei Gains 1%, Kospi, ASX Near-flat

Asian stocks open mixed on Monday, as oil prices rallied on supply outages in Canada and amid surprise over the exit of Saudi Arabia's veteran oil minister Ali al-Naimi.

Australia's S&P/ASX 200 index was 0.14 percent higher, buoyed by the energy and materials subindexes, which were up 2.33 percent and 1.2 percent respectively.

Beijing released trade data on Sunday that showed exports contracted 1.8 percent and imports plunged 10.9 percent.

Investors will likely watch Australia's market react to this new data, because China is one of Australia's top trade partners.

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Indian ADRs: Tata Motors, Wipro Gain; Dr Reddy's Labs Slips

Indian ADRs ended mixed on Friday. In the IT space, Infosys remained unchanged at USD 18.40 while Wipro was up 0.04 percent at USD 11.85.

In the banking space, ICICI Bank rose 0.14 percent at USD 6.63 and HDFC Bank was down 0.01 percent at USD 63.50.

In the other sectors, Tata Motors gained 0.56 percent at USD 29.58 and Dr Reddy's Laboratories fell 1.28 percent at USD 41.90.

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Wall Street Ends up After Jobs Report

US stocks rebounded from early losses to close higher on Friday as investors viewed the day's jobs data as less disappointing than first thought.

Materials, industrials and discretionary shares were among the day's biggest gainers, with the S&P materials index up 0.8 percent and gold gaining for the day. 

In the Labor Department report, nonfarm payrolls increased less than economists expected, and April's job gains were the smallest since September.

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Sensex Nifty Open Down

Dragged by weak global cues, the market has opened weak on Friday.

The Sensex is down 160.06 points or 0.6 percent at 25102.15,

and the Nifty is down 38.55 points or 0.5 percent at 7696.95.

About 243 shares have advanced, 435 shares declined, and 35 shares are unchanged.

ITC tanks over 3 percent while Dr Reddy's Labs, TCS, Hero MotoCorp and Tata Steel are losers while HDFC, Bharti Airtel and Wipro are gainers in the Sensex.

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F&O cues: Nifty 7900 Call adds 6.4 lakh Shares in Open Interest

Nifty 7800 Call added 2.5 lakh shares in Open Interest on May 5

Nifty 7900 Call added 6.4 lakh shares in Open Interest

Nifty 7500 Put added 2.2 lakh shares in Open Interest

Nifty 7600 Put added 2.7 lakh shares in Open Interest

Nifty 7700 Put added 3.2 lakh shares in Open Interest

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Rupee Opens Marginally lower at 66.57 per Dollar

The Indian rupee opened marginally lower at 66.57 per dollar on Friday against previous close of 66.55.

"Positive global markets and cooling crude prices will support the rupee."

"We expect the rupee to trade in the range of 66.20-66.80/dollar today," he added.

The dollar rose against a basket of major currencies ahead of the key non-farm payrolls data.

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Asia Markets lose Ground ahead of US jobs Data; Nikkei Down 0.3%

Asian shares opened lower on Friday after Wall Street ended mixed, as investors await closely watched April US non-farm payroll numbers.

"Markets will be slightly more nervous around the Friday release of the non-farm payrolls number (expected at 200,000) after ADP employment growth came in at 154,000, well below the market consensus of 195,000," said Angus Nicholson, market analyst at IG, in a Thursday note.

The US payrolls number will likely influence expectations of whether the Federal Reserve will pull the trigger on an interest rate hike in June.

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Indian ADRs: ICICI, HDFC Bank gain; Dr Reddy's Lab Slips

Indian ADRs ended mixed on Thursday. In the IT space, Infosys was down 0.22 percent at USD 18.40 and Wipro shed 0.08 percent at USD 11.81.

In the banking space, ICICI Bank rose 1.72 percent at USD 6.49 and HDFC Bank added 1.24 percent at USD 63.51.

In the other sectors, Tata Motors was up 2.26 percent at USD 29.02 and Dr Reddy's Laboratories shed 0.48 percent at USD 43.18.

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Wall Street Flat Before April Jobs Report

US stocks gave up early gains to end flat on Thursday as consumer discretionary shares fell and investors showed caution ahead of the April jobs report.

L Brands, which fell 12 percent to USD 70.53 after posting lower-than-expected monthly comparable sales, led declines in discretionary shares along with Amazon, down 1.8 percent at USD 659.09.

The S&P retail index was down 1.5 percent while the S&P consumer discretionary index fell 0.6 percent. Data on Thursday showed the number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest jump in more than a year.

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Sensex, Nifty open Higher

The market has opened with some gains on Thursday.

The Sensex is up 83.47 points or 0.3 percent at 25185.20,

and the Nifty up 22.90 points or 0.3 percent at 7729.45.

About 304 shares have advanced, 138 shares declined, and 20 shares are unchanged.

Sun Pharma, Adani Ports, Hero MotoCorp, Tata Motors and Lupin are gainers while ITC, Tata Steel and Dr Reddy's Labs are losers in the Sensex.

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