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India's Third Giant Leap
This Could be One of the Biggest Opportunities for Investors
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- Todays Market
- Indian Stock Market News December 14, 2020
SGX Nifty Up 65 Points; Indicates Firm Opening for Indian Stock Markets Mon, 14 Dec SGX Nifty
The SGX Nifty opened on a positive note today.
At 8:10 am, it was trading up by 65 points, or 0.48% higher at 13,580 levels.
Trends on SGX Nifty indicate a positive opening for Indian stock markets.
Asian stock markets are trading on a positive note today as investors took some comfort from further stimulus bill negotiations and the impending deployment of the first vaccine in the US.
As of the most recent prices, the Nikkei is trading higher by 0.7% and the Hang Seng is trading up by 0.1%.
US stock markets closed mixed on Friday, as the outlook for additional fiscal stimulus remained uncertain.
Negotiations over a coronavirus relief deal dragged on. Lawmakers seek to pass a bill before the end of 2020, but disagreements over state and local stimulus, unemployment assistance and stimulus checks still exist.
The Dow Jones Industrial Average ended up by 0.2% while the Nasdaq slipped 0.23%.
Last week, stocks experienced their first down week in several as legislators continued a standoff surrounding a Covid-19 aid package. The Dow posted its first weekly decline in three weeks, losing 0.6% while the Nasdaq dropped 0.7%.
US stock futures are trading higher today as markets indicated a rebound from a losing week.
Dow futures are trading up by 173 points or 0.6%, while Nasdaq futures are trading higher by 0.4%.
Crude oil prices rose, pushing Brent back above US$ 50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand, while an extension of Brexit talks eased jitters on that front for now.
Here are some key events due later this week:
- China Industrial Production and Retail Sales data for November - Tuesday
- Federal Reserve meet - Tuesday and Wednesday
- Policy decisions from the Bank of England and central banks in Mexico, Switzerland and Indonesia are due Thursday. Japan and Russia announce decisions Friday
Back home, HCL Technologies and Indian Oil Corporation (IOC) 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
Indian Share Market Update: Top Gainers and Losers
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