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SGX Nifty Up 35 Points; Indicates Positive Opening for Indian Stock Markets
Fri, 11 Dec SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:00 am, it was trading up by 35 points, or 0.24% higher at 13,550 levels.

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

Asian stock markets are trading mixed as investors weighed prospects for a stimulus deal in Washington against disappointing US jobs data.

As of the most recent prices, the Nikkei is trading down by 0.5% and the Hang Seng is trading higher by 0.9%.

US stock markets closed marginally lower on Thursday, rebounding from early lows, as investors looked for signs of progress in fiscal stimulus talks to support the economy after labor market data showed a jump in jobless claims.

Stocks opened lower tracking weekly initial jobless claims data that spiked by 137,000 to a seasonally adjusted 853,000, well above expectations for 725,000 and the highest level since mid-September.

However, indices moved well off lows after US Treasury Secretary Steven Mnuchin said talks between Republican and Democratic senators on Covid-19 relief were making "a lot of progress" with more discussions expected in the day.

The Dow Jones Industrial Average ended down by 0.2% while the Nasdaq advanced 0.5%.

The Dow is down 0.7% for this week, on pace for its first negative week in three while the tech-heavy Nasdaq Composite has dipped 0.5% during the same period, headed for its first losing week in four.

US stock futures are trading flat as the future for additional fiscal stimulus remained uncertain.

Dow futures are trading up by 50 points or 0.2%, while Nasdaq futures are down 0.1%.

Here are some key events due later today:

  • India - Forex Reserves
  • India - CPI, Industrial Production - October
  • Germany - Germany - CPI - November
  • US - PPI - November

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

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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