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SGX Nifty Up 21 Points; Indicates Flat Opening for Indian Stock Markets
Fri, 18 Feb SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:15 am, it was trading up by 21 points, or 0.1% higher at 17,241 levels.

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

Asian stock markets are trading on a negative note today after an exchange of fire in eastern Ukraine and renewed US warnings of an imminent Russian invasion had investors looking for safety ahead of the weekend.

The Hang Seng is trading down by 0.4%, while the Shanghai Composite is trading up by 0.1%. The Nikkei is trading down by 0.5%.

In US stock markets, Wall Street witnessed huge selling pressure on Thursday as investors remained anxious over the possibility that Russia could invade Ukraine.

Markets are unsettled by Russia's build-up of troops near Ukraine, and US President Joe Biden said there was a high risk that Russia would invade the country soon.

The Dow Jones Industrial Average fell 622.2 points, or 1.8%, the S&P 500 lost 94.8 points, or 2.1% and the Nasdaq Composite dropped 407.4 points, or 2.9%.

US stock futures are trading on a positive note today with Dow Futures up by 172 points.

Gold prices today were at their highest since June 2021 as mounting tensions between Russia and the West over Ukraine lifted bullion's safe-haven appeal, buttressed by lower US bond yields.

Crude oil prices retreated today after wild swings during the week, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible Russian invasion of Ukraine, which could disrupt supply.

Back home, Nestle and Reliance Industries will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, Brijesh Bhatia explains how you should navigate the volatile trends in the market.

In this video, Brijesh shows a very simple but effective trading tool which is a proven technique and been around for about 100 years.

You can watch the video here: Profit from Market Trends with this Proven Trading Technique

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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