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SGX Nifty Up 3 Points; Indicates Flat Opening for Indian Stock Markets
Fri, 20 Aug SGX Nifty

The SGX Nifty opened on a flat note today.

At 8:05 am, it was trading up by 3 points, or 0.1% higher at 16,342 levels.

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

Asian stock markets are trading on a negative note today as the fast-spreading delta virus strain stoked concerns about economic growth and China's regulatory curbs sapped sentiment.

Equities slid in Japan, Hong Kong and China, where Beijing is deepening a crackdown on private industry.

Both, the Hang Seng and the Shanghai Composite are trading down by 0.6%.

Japan's Nikkei is trading down by 0.7%.

In US stock markets, Wall Street indices ended on a mixed note on Thursday as investors took the pulse of the economic rebound and gauged when the Federal Reserve might temper its monetary stimulus.

Also, the number of Americans filing new claims for unemployment benefits fell to a 17-month low last week, pointing to another month of robust job growth, though surging Covid-19 infections pose a risk to the labour market recovery.

The Dow Jones Industrial Average fell 66.6 points, or 0.2%, while the S&P 500 gained 5.5 points, or 0.1% and the Nasdaq Composite added 15.9 points, or 0.1%.

US stock futures are trading on a negative note today with Dow Futures down by 52 points.

Gold prices were flat today, as a firmer dollar eclipsed support from rising anxiety over increasing cases of coronavirus' Delta variant that could delay economic recovery.

Crude oil prices skidded on Thursday for a sixth session, hitting lows not seen since May, as investors pulled back over concerns about weakened global demand as Covid-19 cases climb and on the back of a rise in the US dollar.

Back home, HDFC Bank and Subex will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, Brijesh Bhatia, Research Analyst at Fast Profits Report, shares his three step strategy to profitably 'buy the dip'.

You can watch the video here: How to Buy the Dip in a Bull Market

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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