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SGX Nifty Up 29 Points; Indicates Positive Opening for Indian Stock Markets
Fri, 22 Oct SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:15 am, it was trading up by 29 points, or 0.2% higher at 18,270 levels.

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

Asian stock markets are trading on a mixed note today as traders weighed earnings reports, worries about inflation, and a report indicating that indebted developer China Evergrande Group may meet a key payment deadline.

The Hang Seng is trading up by 0.2%, while the Shanghai Composite is trading down by 0.1%. The Nikkei is trading up by 0.6%.

In US stock markets, Wall Street indices ended on a mixed note on Thursday as investors continued to review the latest company earnings reports, with global supply chain problems and the impact from rising inflation a key focus.

Many companies have warned that the supply chain issues and overall higher costs will hurt operations and Wall Street is trying to gauge just how much it will sting corporate profit growth and margins.

The Dow Jones Industrial Average fell 6.3 points, or 0.1%, while the S&P 500 gained 13.6 points, or 0.3% and the Nasdaq Composite added 94 points, or 0.6%.

US stock futures are trading on a flat note today with Dow Futures up by 35 points.

Gold prices edged lower in choppy trading on Thursday, pressured by rising US bond yields that countered support from concerns over rising inflation and China's troubled property sector.

Crude oil prices tumbled on Thursday as a forecast for a warm US winter put the brakes on a rally that drove prices to a three-year high above US$86 a barrel early in the session on tight supply and a global energy crunch.

Back home, JSW Steel and Asian Paints will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader, Vijay Bhambwani talks about India's fuel crisis and why it may ease off soon.

You can watch the video here: India's Fuel Crisis May Ease Soon

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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