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SGX Nifty Down 244 Points; Indicates Gap-Down Opening for Indian Stock Markets
Mon, 14 Feb SGX Nifty

 SGX Nifty Down 244 Points; Indicates Gap-Down Opening for Indian Stock Markets

The SGX Nifty opened deep in the red today.

At 8:10 am, it was trading down by 244 points, or 1.4% lower at 17,111 levels.

Trends on SGX Nifty indicate a gap-down opening for Indian stock markets.

Asian stock markets are trading on a negative note today as geopolitical risks over Ukraine rippled through global markets.

The Hang Seng and the Shanghai Composite are trading down by 1.4% and 0.5%, respectively. The Nikkei is trading down by 2.6%.

In US stock markets, Wall Street ended sharply lower on Friday after the US warned that a Russian invasion of Ukraine could come within days and the UK's foreign office urged its citizens to leave the country.

Tensions over a potential Russian invasion of Ukraine escalated on Friday. Jake Sullivan, US national security adviser, said that an attack on Ukraine could be launched before the end of the winter Olympics in Beijing on 20 February 2022.

The Dow Jones Industrial Average ended down 503.5 points, or 1.4%, the S&P 500 lost 85.4 points, or 1.9% and the Nasdaq Composite dropped 394.5 points, or 2.8%.

US stock futures are trading on a flat note today with Dow Futures up by 7 points.

Gold prices held their ground today near a three-month high touched in the previous session, as lingering concerns surrounding Ukraine kept the metal's safe-haven appeal intact.

Crude oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies.

Back home, ONGC and Divi's Laboratories will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani explains how you can protect yourself against being scammed when buying gold.

The below video is all about how to safeguard yourself from being cheated by unscrupulous people and ensure peace of mind.

You can watch the video here: Don't Get Cheated While Buying Gold

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.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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