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India's Third Giant Leap
This Could be One of the Biggest Opportunities for Investors
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- Indian Stock Market News September 17, 2021
SGX Nifty Up 84 Points; Indicates Firm Opening for Indian Stock Markets Fri, 17 Sep SGX Nifty
The SGX Nifty opened on a positive note today.
At 8:10 am, it was trading up by 84 points, or 0.5% higher at 17,695 levels.
Trends on SGX Nifty indicate a firm opening for Indian stock markets.
Asian stock markets are trading on a steady note today as traders weighed risks from China to the global recovery and the prospect of reduced Federal Reserve stimulus.
The Hang Seng is trading up by 0.2%, while the Shanghai Composite is trading down by 0.3%. The Nikkei is trading up by 0.5%.
In US stock markets, Wall Street indices fell on Thursday as losses in heavyweight technology and oil stocks offset cheer over strong retail sales indicating economic resilience.
US retail sales unexpectedly increased in August, likely tempering expectations for a sharp slowdown in economic growth in the third quarter.
Treasury yields and the dollar stayed higher following surprise strength in US retail sales, which eased worries over the impact of the delta variant and highlighted the case for the Federal Reserve to scale back pandemic-era emergency support.
Meanwhile, the labour market remained under pressure, with data showing initial jobless claims were slightly more than expected last week.
The Dow Jones Industrial Average fell 63 points, or 0.2%, the S&P 500 lost 7 points, or 0.2% and the Nasdaq Composite added 20.4 points, or 0.1%.
US stock futures are trading on a flat note today with Dow Futures down by 12 points.
Gold prices were set for a second weekly loss as a firm dollar dented the metal's allure for holders of other currencies while investors await a key US Federal Reserve meeting for clues on how soon the central bank will start to taper stimulus.
Crude oil prices are flat today even as more supply came back online in the US Gulf of Mexico following two hurricanes.
Back home, BHEL and Infosys will be among the top buzzing stocks today.
In his latest video for Fast Profits Daily, India's #1 trader, Vijay Bhambwani talks about a critical aspect of trading.
You can watch the video here: Millionaire Trader Mindset
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
Indian Share Market Update: Top Gainers and Losers
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