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SGX Nifty Up 46 Points; Indicates Positive Opening for Indian Stock Markets
Fri, 4 Dec 0

The SGX Nifty opened on a positive note today.

At 8:00 am, it was trading up by 46 points, or 0.32% higher at 13,245 levels.

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

Asian stock markets are trading on a mixed note today as US legislators wrangled over a fiscal stimulus and negotiations over a Brexit trade deal continued.

As of the most recent prices, the Nikkei is trading down by 0.4% and the Hang Seng is trading lower by 0.2%.

US stock markets finished mostly higher, extending their recent record-setting run as better-than-expected economic data boosted sentiment.

However, stocks lost momentum within Thursday's final hour of trade after it was reported that Pfizer Inc. expects to ship half of the Covid-19 vaccines it originally planned for this year because of supply-chain problems, but still expects to roll out more than a billion doses in 2021.

The Dow Jones Industrial Average ended up by 0.3% while the Nasdaq ended up by 0.2%, after hitting an intraday record high.

European stocks closed mixed on Thursday as Brexit uncertainty weighed on investor sentiment.

US stock futures are trading on a flat note as investors awaited a key November jobs report to gauge the pace of labour market recovery in the face of a worsening pandemic.

Dow futures gained 60 points or 0.2%, while Nasdaq futures are trading up by 0.2%.

Crude oil prices rose today, heading for a fifth week of gains, after major producers agreed to continue to restrain production to cope with coronavirus-hit demand.

Back home, SpiceJet and Maruti Suzuki will be among the top buzzing stocks today.

Besides, market participants will be tracking the Monetary Policy statement by RBI Governor Shaktikanta Das at 10:00 am today.

Reports state that RBI will likely keep interest rates unchanged for a third straight meeting as inflation stays stubbornly high and signs appear of growth beginning to return to Asia's third-largest economy.

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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Read the latest Market Commentary


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