The SGX Nifty opened on a negative note today.
At 8:10 am, it was trading down by 27 points, or 0.2% lower at 17,410 levels.
Trends on SGX Nifty indicate a flat opening for Indian stock markets.
Financial markets in China and Japan are closed today for a public holiday.
Hong Kong stocks rose at the open today, kicking off the new year on a positive note after a healthy finish to 2021, though traders remain on edge over a range of issues including the fast-spreading Omicron virus variant.
The Hang Seng is trading down by 0.4%.
In US stock markets, Wall Street closed near record highs in light trading on Friday, the last trading day of 2021, marking the second year of recovery from a global pandemic.
All three major US stock indexes scored monthly, quarterly and annual gains, notching their biggest three-year advance since 1999.
For 2021, the S&P 500 soared 26.9%, beating both the Nasdaq's 21.4% rise and the Dow's 18.7% climb.
On Friday, the Dow Jones Industrial Average fell 59.8 points, or 0.2%, while the S&P 500 slipped 12.6 points, or 0.3% and the Nasdaq Composite dropped 96.6 points, or 0.6%.
US stock futures are trading on a positive note today with Dow Futures up by 58 points.
Gold prices held steady today as higher US Treasury yields offset safe-haven buying sentiment due to an Omicron-driven surge in Covid-19 infections globally.
Crude oil prices rose today as the market kicked off 2022 on a positive note, although concerns over demand waning due to rapidly spreading Covid-19 pandemic limited gains.
Back home, Tata Motors and Future Retail will be among the top buzzing stocks today.
In his latest video for Fast Profits Daily, Vijay Bhambwani explains whether gold and silver prices will decline due to the strength in the US dollar in 2022.
You can watch the video here: The Dollar Milkshake Theory Won't Stop Bullion
To know the top cues in today's stock market session, check out the pre-open commentary here.
Stay tuned for more updates on Indian stock markets in the upcoming commentary.
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