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SGX Nifty Up 26 Points; Indicates Positive Opening for Indian Stock Markets
Fri, 18 Dec SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:00 am, it was trading up by 26 points, or 0.19% higher at 13,770 levels.

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

Asian stock markets fell today, failing to catch a broader global rally as investor sentiment in the region shifted to broader caution about the economic outlook and as post-Brexit worries weighed.

As of the most recent prices, the Nikkei is trading lower by 0.1% and the Hang Seng is trading down by 0.5%.

US stock markets closed at record highs on Thursday as lawmakers neared a deal to extend a new financial lifeline to businesses and individuals amid the pandemic.

Top lawmakers in Washington were hashing over a roughly US$ 900 billion coronavirus relief deal that includes another round of direct payments to households.

The Dow Jones Industrial Average ended up by 0.5% while the Nasdaq ended higher by 0.8%. The S&P 500 index climbed for a third day and ended 0.6% higher.

US stock futures are trading marginally lower, after the major averages closed at new highs.

Dow futures are trading down by 44 points or 0.2%, while Nasdaq futures are trading lower by 0.1%.

Crude oil prices climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a US fiscal stimulus deal and record-breaking refining demand in China and India.

Here are some key events due later today:

  • Japan - BoJ Interest Rate Decision
  • UK - Retail Sales - November
  • India - Bad Loans & Deposit Growth Rate and Forex Reserves

Back home, Cipla and Burger King India 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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