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SGX Nifty Down 104 Points; Indicates Negative Opening for Indian Stock Markets
Mon, 21 Feb SGX Nifty

SGX Nifty Down 104 Points; Indicates Negative Opening for Indian Stock Markets

The SGX Nifty opened on a negative note today.

At 8:00 am, it was trading down by 104 points, or 0.6% lower at 17,224 levels.

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

Asian stock markets slid and oil surged today amid warnings Russia was set to invade Ukraine, risking sanctions that could trigger a further spike in energy costs and stoke global inflation.

The Hang Seng and the Shanghai Composite are trading down by 0.7% and 0.5%, respectively. The Nikkei is trading down by 0.7%.

In US stock markets, Wall Street ended lower on Friday after escalating tensions in Ukraine and US warnings of a potential Russian invasion prompted investors to dump risky assets.

Speculation about the Federal Reserve's next move also weighed on equities. New York Fed Bank President John Williams said it would be appropriate to hike interest rates in March, without mentioning the magnitude.

The Dow Jones Industrial Average fell 233 points or 0.7%, while the Nasdaq Composite dropped 169 points or 1.2%.

US stock futures are trading on a positive note today with Dow Futures up by 157 points.

Crude oil prices gained more than US$1 in early trade today on rising jitters over potential conflict between Russia and Ukraine, with the United States and European Union making clear Russia would face sanctions if it invaded its neighbour.

Back home, Federal Bank and Coal India 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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