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SGX Nifty Up 31 Points; Indicates Positive Opening for Indian Stock Markets
Fri, 8 Oct SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:00 am, it was trading up by 31 points, or 0.2% higher at 17,847 levels.

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

Asian stock markets are trading on a positive note today as concerns eased about the US debt ceiling and an energy crunch.

The Hang Seng and the Shanghai Composite are trading up by 0.4% and 0.8%, respectively. The Nikkei is trading up by 2.2%.

In US stock markets, Wall Street indices rose on Thursday for a third straight day, as lawmakers neared an agreement that would avert a debt-ceiling breach for at least two months.

Some investors attributed the market's bullish complexion to optimism around job creation ahead of a closely watched labour-market report on Monday, which could influence markets for weeks to come.

The Dow Jones Industrial Average rose 338 points, or 1%. The S&P 500 climbed 36.2 points, or 0.8%, while the technology-focused Nasdaq Composite Index finished up 152 points, or 1.1%.

US stock futures are trading on a positive note today with Dow Futures up by 93 points.

Gold prices held steady today as investors stayed away from making big bets ahead of the US non-farm payrolls report that is considered key to the Federal Reserve's stimulus taper timeline.

Crude oil prices extended losses from the previous session on Thursday, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market.

Back home, Tata Motors and TCS will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader, Vijay Bhambwani explains what the energy crisis is about.

You can watch the video here: Energy Crisis Explained

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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