The SGX Nifty opened on a positive note today.
At 8:00 am, it was trading up by 35 points, or 0.1% higher at 17,235 levels.
Trends on SGX Nifty indicate a positive opening for Indian stock markets.
Asian stock markets are trading on a mixed note today, led by Chinese technology companies, as investors weighed uncertainties about the omicron variant and looked to US inflation data and the Federal Reserve's hawkish tilt.
The Hang Seng is down 1%, while the Shanghai Composite is trading up by 0.5%. The Nikkei is trading down by 0.6%.
In US stock markets, Wall Street's major indexes fell in choppy trading on Friday, amid uncertainty around the Omicron coronavirus variant and the path of the Federal Reserve's policy tightening weighed.
November's jobs report showed slower-than-expected job creation last month. However, the unemployment rate fell sharply to 4.2%, better than estimates of 4.5%.
The Dow Jones Industrial Average fell 60 points, or 0.2%. The technology-focused Nasdaq Composite dipped 1.9% or 296 points.
US stock futures are trading on a positive note today with Dow Futures up by 173 points.
Gold prices held steady today as market participants weighed the prospect of a faster ending to pandemic-era asset purchases by the US Federal Reserve after data suggested the labour market was rapidly tightening.
Crude oil prices rose by more than US$1 a barrel today after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect US - Iran talks on reviving a nuclear deal appeared to hit an impasse.
Back home, Tech Mahindra and Vodafone Idea will be among the top buzzing stocks today.
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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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