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SGX Nifty Up 29 Points; Indicates Flat Opening for Indian Stock Markets
Mon, 4 Oct SGX Nifty

The SGX Nifty opened on a flat note today.

At 8:10 am, it was trading up by 29 points, or 0.2% higher at 17,555 levels.

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

Asian stock markets are trading on a negative today as investors weighed prospects for a pickup in growth against concern over inflationary pressures.

The Nikkei and the Hang Seng are trading down by 1% and 2.3%, respectively.

In US stock markets, Wall Street indices rose on Friday, as investors displayed a little risk appetite, thinking a new page in the calendar might push the market past the issues that drove it down earlier in the week.

Treasuries edged up, with 10-year yields slipping to 1.45%.

The S&P 500 closed higher on Friday after promising results for a Covid-19 pill and positive manufacturing data triggered a rally in companies that stand to benefit from an economic reopening.

The Dow Jones Industrial Average rose 482.5 points, or 1.4%. The S&P 500 rose 49.5 points, or 1.1%, after the broad stocks index closed out its biggest monthly loss since March last year. The technology-focused Nasdaq Composite Index rose 118.1 points, or 0.8%.

US stock futures are trading on a strong note today with Dow Futures up by 339 points.

Gold prices hit a near two-week peak today, as a weaker dollar offset bets that the US Federal Reserve could begin tapering its pandemic-era asset purchases soon.

Crude oil price fell today ahead of an organization of the petroleum exporting countries (OPEC+) supply policy meeting that may decide whether a recent rally in prices can be sustained as the world fitfully recovers from the Covid-19 pandemic.

Back home, Adani Green Energy and CSB Bank 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 big economic agreement that India and the UAE are close to signing.

Vijay shares why such an agreement will trigger a boom in India and why it's positive for the market.

You can watch the video here: Get Ready for a Boom

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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