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

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SGX Nifty Down 95 Points; Indicates Negative Opening for Indian Stock Markets
Fri, 19 Mar SGX Nifty

The SGX Nifty opened on a negative note today.

At 8:05 am, it was trading down by 95 points, or 0.7% lower at 14,490 levels.

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

Asian stock markets weakened today after US shares fell from a record and Treasury yields touched the highest levels in more than a year as the Federal Reserve's tolerant stance on inflation unnerved investors.

The Nikkei is trading down by 0.8% while the Hang Seng is down 0.7%. The Shanghai Composite is trading lower by 1%.

Market participants are now bracing for the outcome of a Bank of Japan policy meeting where it is widely expected to loosen its control of bond yields and trim buying of ETFs, tweaks aimed at making the stimulus package more sustainable.

In US stock markets, Wall Street indices ended sharply lower on Thursday as Treasury yields extended recent gains, igniting another drop in technology stocks.

Treasury yields extended recent gains, and the benchmark 10-year yield added another nearly 10 basis points to a more than one-year high of 1.74%.

--- Advertisement ---
Investment in securities market are subject to market risks. Read all the related documents carefully before investing

Sensex Rallied 6x When this Happened Last Time... It's Happening Again

Last time when three powerful forces combined... the Sensex rallied by 6-times. And several individual stocks jumped up by 300%... 5,00%... 1,000%... or even more...

Now, we are seeing a high chance of those three forces coming back together in this election year.

Our research says this could spark a potential mega bullrun in bluechip stocks.

Click Here to Get Full Details
Details of our SEBI Research Analyst registration are mentioned on our website - www.equitymaster.com
---------------------------------------------------

Elsewhere, a new report showed US initial unemployment claims unexpectedly rose last week despite loosening social distancing standards and improving weather.

The Nasdaq declined by 3% in its worst day in three weeks. The Dow Jones Industrial Average fell by 0.5% after rising earlier in the session to a fresh record intraday high.

US stock futures are trading higher today indicating a positive opening for Wall Street indices with Nasdaq Futures trading up by 11 points. Dow Futures are up 0.2%.

Crude oil prices fell today, extending losses for a sixth day as a new wave of Covid-19 infections washed across Europe, spurring new lockdowns and dampening hopes for a recovery in demand for fuels anytime soon.

Prices declined more than 7% yesterday, amid concerns that new virus-related curbs in Europe will sap demand, leaving oil down nearly 10% this week.

Discover Now: The Key to Stress-free Investing

Here are the key events due later today:

  • Russia - Interest Rate Decision
  • US - Baker Hughes Oil Rig Count
  • India - Forex Reserves

Back home, BHEL and Indian Oil Corporation (IOC) will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani breaks down his most profitable trade of the year.

Recently, Vijay asked his subscribers to close an open trade. However, the trade was not a sure thing. It took a lot of conviction to maintain faith in the system and hold on.

In the video, Vijay shows you why he did not give up on this trade and also how his system told him not to close the trade at a loss.

You can watch the video here: Big Profits from our Latest trade

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


Equitymaster requests your view! Post a comment on "SGX Nifty Down 95 Points; Indicates Negative Opening for Indian Stock Markets". Click here!