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SGX Nifty Up 24 Points; Indicates Flat to Positive Opening for Indian Stock Markets
Fri, 7 Jan SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:10 am, it was trading up by 24 points, or 0.1% higher at 17,843 levels.

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

Asian stock markets are trading on a mixed note today as investor focus turned to upcoming data from the American labor market.

The Hang Seng and the Shanghai Composite are trading up by 0.4% and 0.3%, respectively. The Nikkei is trading down by 0.3%.

In US stock markets, Wall Street swung between gains and losses on Thursday after minutes from the Federal Reserve's last meeting struck a hawkish note, buoying cyclical sectors, while technology shares were mixed after suffering big losses this week.

The Federal Reserve is signalling it will raise rates more dramatically because of inflation concerns, which has sent jitters through a market priced to perfection.

The Dow Jones Industrial Average finished down 0.5%. The broad-based S&P 500 shed 0.1%, while the tech-rich Nasdaq Composite also declined 0.1%.

US stock futures are trading on a positive note today with Dow Futures up by 58 points.

Gold prices inched up today, hovering close to a two-week low hit in the previous session, after the chief of the World Health Organisation (WHO) said the Omicron variant cannot be considered 'mild', while stronger yields capped bullion's gains.

Crude oil prices rose today as an uprising in Kazakhstan stoked worry that crude supply from the OPEC+ producer could be disrupted at the same time output has dropped in Libya.

Back home, Titan and Reliance Industries will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, Brijesh Bhatia shares his view on midcaps and smallcaps in 2022.

In a video last year, Brijesh had said midcaps and smallcaps would outperform the Nifty and that's exactly what happened. The broader market created a lot of wealth for traders and investors in 2021.

Will this trend continue in 2022? Brijesh answers this question in the video.

You can watch the video here: Will Mid and Smallcaps Outperform in 2022?

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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