SGX Nifty Up 126 Points; Indicates Gap-Up Opening for Indian Stock Markets

Mon, 25 Jan SGX Nifty | Yash Vora, TM Team

   Momentum Moves   

   Pre-Open   

   09:30 am   

   12:30 pm   

   Closing   

The SGX Nifty opened on a positive note today.

At 8:10 am, it was trading up by 126 points, or 0.87% higher at 14,480 levels.

Trends on SGX Nifty indicate a gap-up opening for Indian stock markets.

Asian stock markets are trading on a positive note today. The Hang Seng is trading up by 1.1% while the Shanghai Composite is up 0.1%. The Nikkei is trading higher by 0.34%.

US stock markets finished mixed on Friday although all three indices posted gains for the week.

The Dow Jones Industrial Average ended down by 0.6% while the tech heavy Nasdaq ended higher by 0.1%.

The Dow registered its fifth positive week in six while the S&P posted its third positive week in four. The Nasdaq advanced 4.2% last week for its best week since November and fifth positive week in six as shares of Big Tech names pushed the index to a new all-time high.

US stock futures rose today as Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies. Dow Futures are trading up by 73 points while Nasdaq Futures are trading higher by 86 points.

13 Dow companies and 111 S&P 500 companies are set to report earnings this week. The companies include Apple, Microsoft, Netflix, Tesla, McDonald's, Honeywell, Caterpillar and Boeing.

Crude oil prices fell today with Brent down 7 cents at US$ 55.34 a barrel and US crude off 5 cents at US$ 52.22.

Here are the key events due later this week:

• US - Crude Oil Inventory - Wednesday
• India - M3 Money Supply - Wednesday
• US - Q4 GDP, Natural Gas Storage & New Home Sales - Thursday
• Germany - Q4 GDP & Unemployment Rate - Friday

Back home, Alembic Pharma and Indian Energy Exchange will be among the top buzzing stocks today.

Market participants will also track L&T share price and Aarti Drugs share price as these companies are scheduled to announce their December quarter results later 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.

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