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SGX Nifty Down 14 Points; Indicates Flat Opening for Indian Stock Markets
Mon, 22 Feb SGX Nifty | Yash Vora, TM Team

The SGX Nifty opened on a flat note today.

At 8:20 am, it was trading down by 14 points, or 0.1% lower at 14,980 levels.

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

Asian stock markets inched higher today as expectations for faster economic growth and inflation globally boosted bonds and commodities.

The Nikkei is trading up by 1.1% while the Hang Seng is up 0.5%.

In US stock markets, Wall Street indices came under pressure on Friday, reversing early gains.

A combination of rising interest rates and profit taking in some of the market's largest technology companies appeared to dampen optimism.

The Dow Jones Industrial Average finished the day on a flat note after climbing more than 150 points earlier in the session. The S&P 500 finished down 0.2% while the Nasdaq Composite gained 9 points to end 0.1% higher.

For the week, the Nasdaq shed 1.6% while the Dow gained 0.1%.

US stock futures are trading flat today, with Dow Futures trading up by 20 points while Nasdaq futures are up 0.2%.

Watch Now: 3 Little-known Stocks We are Super Bullish On

Crude oil prices rose today as the slow return of US crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic.

Brent crude was up 76 cents, or 1.2%, at US$ 61.67 a barrel, after gaining nearly 1% last week. US oil rose 74 cents, or 1.3%, to US$ 59.98 a barrel, having fallen 0.4% last week.

Here are the key events due later this week:

  • Germany - GDP Q4 - Wednesday
  • US - Crude Oil Inventory and New Home Sales - Wednesday
  • India - Fiscal Deficit, Bank Deposits and Loan Growth & Forex Reserves - Friday

Back home, Engineers India and Oil India will be among the top buzzing stocks today.

In our new series called Momentum Moves, Brijesh Bhatia talks about what traders can expect this week.

In the previous edition, Brijesh discussed about the Nasdaq and said it could reverse from 13,700-14,000. The Nasdaq is now back to 13,500 levels from a high of 13,879.80 forming a dark cloud cover candlestick pattern.

As per Brijesh, If Nasdaq continues its southwards journey, Nifty will join in as the short-term chart of Nifty has witnessed a bearish crossover of the exponential moving average.

Bears could take charge for the next 2-3 weeks.

You can read the entire article here: Nifty: Bears Gain the Upper Hand

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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Stock Market Updates

MRPL at 52 Week High; BSE 500 Index Up 2.0% (Today's Market)

Mar 1, 2021 03:34 PM

MRPL share price has hit a 52-week high. It is presently trading at Rs 45. BSE 500 Index is up by 1.7% at 19,713. Within the BSE 500, MRPL (up 8.3%) and RCF (up 20.0%) are among the top gainers, while top losers are HIMADRI SPECIALITY CHEMICAL and BHARTI AIRTEL.

KEC INTERNATIONAL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6% (Today's Market)

Mar 1, 2021 03:26 PM

KEC INTERNATIONAL share price is trading up by 5% and its current market price is Rs 454. The BSE CAPITAL GOODS is up by 1.6%. The top gainers in the BSE CAPITAL GOODS Index are KEC INTERNATIONAL (up 5.2%) and BHARAT ELECTRONICS (up 6.5%). The top losers are SCHAEFFLER INDIA (down 0.2%) and HINDUSTAN AERO. (down 0.3%).

GUJARAT ALKALIES Share Price Up by 10%; BSE 500 Index Up 1.6% (Today's Market)

Mar 1, 2021 03:24 PM

GUJARAT ALKALIES share price is trading up by 10% and its current market price is Rs 346. The BSE 500 is up by 1.6%. The top gainers in the BSE 500 Index are GUJARAT ALKALIES (up 10.2%) and DEEPAK NITRITE (up 14.5%). The top losers are COLGATE and HDFC AMC .

DEEPAK NITRITE Share Price Up by 13%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:10 PM

DEEPAK NITRITE share price is trading up by 13% and its current market price is Rs 1,553. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are DEEPAK NITRITE (up 12.8%) and JUST DIAL (up 14.2%). The top losers are BAJAJ HOLDINGS & INVESTMENT and CADILA HEALTHCARE .

HIMADRI SPECIALITY CHEMICAL Share Price Down by 11%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:08 PM

HIMADRI SPECIALITY CHEMICAL share price is trading down by 11% and its current market price is Rs 55. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are RCF (up 20.0%) and MMTC (up 20.0%). The top losers is HIMADRI SPECIALITY CHEMICAL (down 11.3%).

Sensex Trades Over 300 Points Higher; Dow Futures Up by 204 Points (Today's Market)

Mar 1, 2021 12:30 pm

BSE Sensex is trading up by 378 points, while the NSE Nifty is trading up by 165 points.

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