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SGX Nifty Down 12 Points; Indicates Flat Opening for Indian Stock Markets
Fri, 12 Feb SGX Nifty

The SGX Nifty opened on a negative note today.

At 8:10 am, it was trading down by 12 points, or 0.1% lower at 15,175 levels.

Trends on SGX Nifty indicate a flat opening for Indian stock markets.

Asian stock markets are trading on a mixed note today as investors looked over mixed data and watched for the next catalyst. The Nikkei is trading down by 0.3%.

Markets in Greater China and most of Southeast Asia are closed today for the Lunar New Year holiday.

In US stock markets, Wall Street indices ended another day on a flat note on Thursday as the market's strong momentum to begin February started to lose steam.

The Dow Jones Industrial Average fell 7 points, down 0.1%, while the Nasdaq Composite gained 0.4% to a fresh record high.

After a strong runup in equities in the beginning of February, the market rally seemed to slow down a tad.

The number of Americans filing new applications for unemployment benefits were 793,000 last week, compared to 812,000 in the prior week.

US stock futures are trading on a negative note today. Dow Futures are trading down by 19 points while Nasdaq Futures are trading lower by 6 points.

Here are the key events due later today:

  • India - Bank Deposit and Loan Growth & Forex Reserves
  • US - Michigan Consumer Sentiments - February
  • UK - Q4 GDP, Industrial Production & Trade Balance - December

Back home, Magma Fincorp and National Fertilizers will be among the top buzzing stocks today.

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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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Read the latest Market Commentary


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