Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SGX Nifty Down 55 Points; Indicates Negative Opening for Indian Stock Markets
Fri, 22 Jan SGX Nifty | Yash Vora, TM Team

The SGX Nifty opened on a negative note today.

At 8:10 am, it was trading down by 55 points, or 0.39% lower at 14,580 levels.

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

Asian stock markets retreated from record highs today as investors took some money off the table after a recent rally that was driven by hopes a massive US economic stimulus plan by incoming President Joe Biden will help temper the Covid-19 impact.

The Hang Seng is trading down by 0.3% while the Shanghai Composite is down 0.4%. The Nikkei is trading lower by 0.34%.

In US stock markets, Wall Street indices rose to another record highs on Thursday as investors bet on strong earnings from big tech companies next week.

A better-than-expected reading on jobless claims also supported sentiment. First-time claims for unemployment insurance totalled 900,000 for the week ended January 16, lower than an estimate of 925,000 according to economists surveyed by Dow Jones.

The Dow Jones Industrial Average ended on a flat note while the tech heavy Nasdaq ended higher by 0.6%.

--- Advertisement ---
FREE Event on Equitymaster's New Project

On May 17, we are holding a FREE event to reveal Equitymaster's Great Indian Wealth Project.

At this event, we'll reveal the details of your first stock for a potential Rs 7 crore in long-term wealth.

Seats for this event are filling up fast.

Since there are limited seats, we urge you to register at the earliest.

Click here for free sign-up
------------------------------

In the previous session, Wall Street indices had closed at record highs as President Joe Biden was sworn into office, ushering in hope that an improved vaccine rollout will ensure a smoother and faster reopening.

Biden released details of his Covid plan on his first full day in office, including 10 executive orders and his intent to use the Defense Production Act to ramp up protective equipment production.

US stock futures are trading lower today. Dow Futures are trading down by 93 points while Nasdaq Futures are trading lower by 49 points.

Crude oil prices fell in early trade today, retreating further from 11-month highs hit last week, on worries new pandemic restrictions in China will curb fuel demand in the world's biggest oil importer.

Here are the key events due later today:

  • Germany - Manufacturing & Services PMI - January
  • UK - Retail Sales - December
  • US - Manufacturing & Services PMI - January
  • US - Existing Home Sales - December

Back home, Havells India and Tata Communications will be among the top buzzing stocks today.

Market participants will also track the Rs 11.7 billion IPO by Indigo Paints, which will close for subscription 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


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "SGX Nifty Down 55 Points; Indicates Negative Opening for Indian Stock Markets". Click here!

  

Stock Market Updates

Sensex Trades Over 300 Points Lower, Dow Futures Down by 128 Points (Today's Market)

May 12, 2021 12:30 pm

BSE Sensex is trading down by 328 points, while the NSE Nifty is trading down by 89 points.

Sensex Dips 300 Points, Nifty Falls Below 14,800; Godrej Consumer Zooms 10% (Today's Market)

May 12, 2021 09:30 am

Indian share markets open lower. The BSE Sensex opened down by 325 points, while the Nifty is trading lower by 84 points.

SGX Nifty Trades Flat, Interglobe Aviation QIP, Rising Premium for Non-Life Insurers, and Buzzing Stocks Today (Today's Market)

May 12, 2021 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market News

Most Popular

The Next Smallcap Winners(Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Time to Buy Smallcaps?(Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


May 12, 2021 (Close)

MARKET STATS