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SGX Nifty Down 42 Points; Indicates Negative Opening for Indian Stock Markets
Mon, 21 Dec SGX Nifty

The SGX Nifty opened on a negative note today.

At 8:05 am, it was trading down by 42 points, or 0.32% lower at 13,735 levels.

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

Asian stock markets are trading lower today after the UK postponed reopening for Christmas & most European countries stopped to & from flights from the UK.

As of the most recent prices, the Nikkei is trading lower by 0.6% and the Hang Seng is trading down by 0.3%.

US stock markets edged lower on Friday but notched weekly gains, as investors tracked developments on a coronavirus aid package.

The Dow Jones Industrial Average ended down by 0.4% while the Nasdaq ended on a flat note.

The Dow gained 0.4% last week while the Nasdaq added 3.1% during the same period.

Note that both the indices have recently risen to record highs amid optimism toward fresh coronavirus stimulus as well as the vaccine rollout. Moderna is shipping its first batch of vaccine doses after receiving approval for emergence use from the UDFDA.

Meanwhile, the vaccines by Pfizer and BioNTech are being distributed to front-line healthcare workers around the country.

US stock futures are trading on a flat note as lawmakers reached a tentative deal on coronavirus aid with a stimulus deal vote likely today.

Dow futures are trading up by 21 points while Nasdaq futures are trading higher by 0.3%.

Crude oil prices slid in early trade today as a fast-spreading new coronavirus strain in the UK raised concerns that tighter restrictions there and in other European countries could stall a recovery in the global economy and its need for fuel.

Here are some key events due later this week:

  • US - Q3 GDP - Tuesday
  • UK - Q3 GDP and Current Account - Tuesday
  • Japan - Unemployment Rate & Retail Sales - Friday

Back home, BPCL and Borosil Renewables 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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