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SGX Nifty Down 100 Points; Indicates Negative Opening for Indian Stock Markets
Mon, 14 Mar SGX Nifty

SGX Nifty Down 100 Points; Indicates Negative Opening for Indian Stock Markets

The SGX Nifty opened on a negative note today.

At 8:10 am, it was trading down by 100 points, or 0.6% lower at 16,550 levels.

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

Asian stock markets advanced today on hopes for progress in Russian-Ukraine peace talks even as fighting raged on.

Russian missiles hit a large Ukrainian base near the border with Poland on Sunday, both sides gave their most upbeat assessment yet of prospects for talks.

The Hang Seng and the Shanghai Composite are trading down by 2.6% and 0.6%, respectively. The Nikkei is trading up by 0.7%.

In US stock markets, Wall Street stumbled on Friday as tech and growth shares led a broad decline and investors worried about the conflict in Ukraine while attention turned to the Federal Reserve's policy meeting this week.

The two-day meeting of the US central bank will begin on Tuesday.

At the end of a volatile week, indexes had opened higher after Russian President Vladimir Putin said there were 'certain positive shifts' in talks with Ukraine, without providing any details, but stocks then faded during the session.

The Dow Jones Industrial Average fell 229.9 points, or 0.7%, the S&P 500 lost 55.2 points, or 1.3% and the Nasdaq Composite dropped 286.2 points, or 2.2%.

US stock futures are trading on a negative note today with Dow Futures down by 78 points.

Gold prices fell today, dragged by firmer US Treasury yields and improved risk appetite on hopes of peace between Russia and Ukraine.

Crude oil prices fell on Sunday at the start of the session, extending last week's decline, as a US official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine.

Back home, Gail India and Jubilant FoodWorks will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani explains why he is very bullish on silver.

You can watch the video here: Buy the Dip in Silver

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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