The SGX Nifty opened on a positive note today.
At 8:05 am, it was trading up by 120 points, or 0.9% higher at 14,140 levels.
Trends on SGX Nifty indicate a firm opening for Indian stock markets.
Asian stock markets are trading on a mixed note today as reports of a possible tightening in coronavirus emergency rules for Tokyo pulled Japanese stocks off 30-year highs.
Japan's Nikkei erased early gains to fall 1.1% when it was reported the government was considering a state of emergency for capital Tokyo and three surrounding prefectures.
The Hang Seng is trading up by 0.5% while the Shanghai Composite is up 0.2%.
US stock markets were closed last week on Friday. Stocks finished higher on Thursday, the last trading day of 2020, with the Dow and S&P 500 setting new records as investors rung out a wild year that saw equities collapse into a bear market before rebounding to all-time highs.
As of Thursday's closing prices, the Dow Jones Industrial Average ended up by 0.7% while the Nasdaq ended up by 0.1%.
US stock futures are flat today ahead of the Georgia runoff election that will decide control of the Senate and, likely, the fate of the incoming Biden administration's economic policy.
Dow futures are trading up by 13 points while Nasdaq futures are trading up by 3 points.
Crude oil prices edged lower today ahead of a meeting of OPEC and allied producers to discuss output levels for February with fears for first-half demand seeping into the market as the coronavirus pandemic lingers.
Here are some key events due later this week:
Back home, Jubilant FoodWorks and Canara Bank will be among the top buzzing stocks today.
Market participants will also track news on the vaccine front after India on Sunday authorized the emergency use of Serum Institute's Covishield and Bharat Biotech's Covaxin vaccines, clearing the way for millions of health workers and other vulnerable groups to start receiving their first shots in the next few days.
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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