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.
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