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SGX Nifty Up 54 Points; Indicates Positive Opening for Indian Stock Markets
Mon, 28 Dec SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:05 am, it was trading up by 54 points, or 0.4% higher at 13,810 levels.

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

Asian stock markets are trading higher today after reports emerged that US President Donald Trump signed into law a US$ 2.3 trillion pandemic aid and spending package he had until now refused to sign.

Trump had refused to sign into law the pandemic aid and spending package that the Congress has passed, demanding stimulus checks for struggling Americans be increased.

However, investors remained cautious after Japan detected cases of the new strain of the virus.

As of the most recent prices, the Nikkei is trading higher by 0.4% and the Hang Seng is trading up by 0.3%.

US stock markets ended a holiday-shortened trading week slightly up on Thursday.

The Dow Jones Industrial Average ended up by 0.2% while the Nasdaq ended up by 0.3%.

The Dow gained 0.1% last week while the Nasdaq added 0.4% during the same period.

US stock futures gained today after President Donald Trump backed down from his threats and signed a nearly US$ 900 billion coronavirus aid bill that will avert a government shutdown.

Dow futures are trading up by 103 points while Nasdaq futures are trading higher by 0.5%.

Crude oil prices edged lower, with US crude futures down 0.8% at US$ 47.85 per barrel.

Here are some key events due later this week:

  • India - M3 Money Supply - Wednesday
  • China - Manufacturing PMI - Thursday
  • Brazil - Unemployment Rate - Tuesday

Back home, BEML and Tata Communications 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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