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SGX Nifty Down 21 Points; Indicates Flat Opening for Indian Stock Markets
Mon, 27 Dec SGX Nifty

The SGX Nifty opened on a negative note today.

At 8:10 am, it was trading down by 21 points, or 0.1% lower at 16,977 levels.

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

Asian stock markets are trading on a mixed note today amid a mood of caution as traders evaluated spiking coronavirus cases and a weekend pledge of greater economic support from China's central bank.

The Hang Seng and the Shanghai Composite are trading up by 0.1% and 0.2%, respectively. The Nikkei is trading down by 0.3%.

US stock markets were closed on Friday in observance of Christmas.

On Thursday, Wall Street closed higher in the holiday-shortened trading week, with the S&P 500 notching a new high, as investors digested economic data and developments related to the Omicron variant's spread.

The Dow Jones Industrial Average rose 197 points, or 0.6%, while the S&P 500 gained 29 points, or 0.6% and the Nasdaq Composite added 132 points, or 0.9%.

US stock futures are trading on a flat note today with Dow Futures up by 16 points.

Gold prices inched higher today, staying above the key US$1,800 per-ounce level, as slightly weaker US Treasury yields offset an uptick in the dollar.

Crude oil prices were mixed today, with Brent edging up while US crude futures slipped after airlines called off thousands of flights in the United States over Christmas holidays amid surging Covid-19 infections.

Back home, Zee Entertainment and RBL Bank Health will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, Brijesh Bhatia talks about how to find stocks for trading using technical analysis.

How can you shortlist the best stocks for trading? Brijesh take you through this process step by step, in the video.

You can watch the video here: How to Find Stocks for Trading Using Technical Analysis

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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