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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%.

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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...

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Stock Market Updates

GRINDWELL NORTON Share Price Down by 5%; BSE CAPITAL GOODS Index Down 1.5% (Today's Market)

Mar 5, 2021 03:30 PM

GRINDWELL NORTON share price is trading down by 5% and its current market price is Rs 950. The BSE CAPITAL GOODS is down by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 3.3%) and AIA ENGINEERING (up 0.3%). The top losers is GRINDWELL NORTON (down 5.1%).

ADITYA BIRLA CAPITAL Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Mar 5, 2021 03:28 PM

ADITYA BIRLA CAPITAL share price is trading down by 5% and its current market price is Rs 131. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 7.3%) and MOTILAL OSWAL (up 5.9%). The top losers are ADITYA BIRLA CAPITAL (down 5.0%) and APOLLO HOSPITALS (down 5.2%).

HAVELLS INDIA Share Price Down by 5%; BSE CONSUMER DURABLES Index Down 0.7% (Today's Market)

Mar 5, 2021 03:20 PM

HAVELLS INDIA share price is trading down by 5% and its current market price is Rs 1,163. The BSE CONSUMER DURABLES is down by 0.7%. The top gainers in the BSE CONSUMER DURABLES Index are BLUE STAR (up 1.7%) and CROMPTON GREAVES CONSUMER ELEC. (up 1.3%). The top losers is HAVELLS INDIA (down 5.1%).

BALMER LAWRIE Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Mar 5, 2021 03:18 PM

BALMER LAWRIE share price is trading down by 5% and its current market price is Rs 148. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 6.8%) and MOTILAL OSWAL (up 6.1%). The top losers are BALMER LAWRIE (down 5.0%) and APOLLO HOSPITALS (down 5.5%).

TRENT Share Price Down by 5%; BSE 500 Index Down 1.3% (Today's Market)

Mar 5, 2021 03:16 PM

TRENT share price is trading down by 5% and its current market price is Rs 936. The BSE 500 is down by 1.3%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 6.6%) and MOTILAL OSWAL (up 6.1%). The top losers are TRENT (down 5.4%) and APOLLO HOSPITALS (down 5.5%).

Sensex Trades Marginally Lower; Dow Futures Down by 39 Points (Today's Market)

Mar 5, 2021 12:30 pm

BSE Sensex is trading down by 160 points, while the NSE Nifty is trading down by 66 points.

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