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India's Third Giant Leap
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- Indian Stock Market News December 31, 2021
SGX Nifty Down 20 Points; Indicates Flat Opening for Indian Stock Markets Fri, 31 Dec SGX Nifty
The SGX Nifty opened on a negative note today.
At 8:15 am, it was trading down by 20 points, or 0.1% lower at 17,275 levels.
Trends on SGX Nifty indicate a flat opening for Indian stock markets.
Asian stock markets got a fillip Friday from a rally in a Hong Kong gauge of technology firms following a surge in US-listed Chinese equities.
The Hang Seng and the Shanghai Composite are trading up by 2% and 0.5%, respectively. The Nikkei is trading down by 0.4%.
The latest data showed China's manufacturing sector continued to expand in December, providing some relief to Beijing as the world's second-largest economy continues to struggle with a property market slump.
In US stock markets, Wall Street closed lower on Thursday, retreating late in thin holiday volume from record highs set early in the session on strong US data including a drop in weekly claims for US unemployment benefits.
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%.
With one trading day left, the S&P 500 was set to end the year more than 27% higher, with the Nasdaq up about 23% and the Dow's annual rise just shy of 20%. Each of Wall Street's main indexes was poised for its sharpest three-year surge since 1997-99.
US stock futures are trading on a negative note today with Dow Futures down by 41 points.
Gold prices set for its worst performance in six years, though prices inched up in thin trade today as US Treasury yields dipped, increasing the bullion's appeal by reducing its opportunity cost.
Crude oil prices rose slightly on Thursday on expectations that fuel demand held up despite soaring Omicron coronavirus infections and that OPEC and its allies would continue to increase imports only incrementally.
Back home, Hero MotoCorp and Kalpataru Power Transmission will be among the top buzzing stocks today.
In his latest video for Fast Profits Daily, Brijesh Bhatia talks about the year 2021 in review and what he got right and wrong in 2021.
You can watch the video here: My 2021 Sector Calls: Hits and Misses
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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