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SGX Nifty Trades 238 Points Lower; Indicates Gap-Down Opening for Indian Stock Markets
Mon, 12 Apr SGX Nifty | Yash Vora, TM Team

The SGX Nifty opened on a negative note today.

At 8:10 am, it was trading down by 238 points, or 1.6% lower at 14,630 levels.

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

Asian stock markets are trading on a cautious note today as investors wait to see if US earnings can justify sky-high valuations.

The Nikkei is trading down by 0.5% while the Hang Seng is down 1.1%. The Shanghai Composite is trading lower by 0.6%.

In US stock markets, Wall Street indices climbed to another record on Friday as investors shrugged off concerns over inflation and focused on prospects for an economic rebound.

A modest sell-off of US Treasuries, triggered by concerns over higher-than-expected readings on US and Chinese producer prices, faded by late-afternoon, as the yield on the 10-year note finished at 1.67%.

The S&P 500 closed above 4,100 and posted its third-straight weekly rally - the longest winning streak since October.

The Nasdaq Composite gained 0.5%, while the Dow Jones Industrial Average added 0.9%, a record of its own.

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For the week, the Dow rose almost 2% while the Nasdaq index climbed 3.1%.

US stock futures are trading lower today, suggesting Wall Street could see muted trading today after reaching fresh records last week.

The dollar languished near 2-1/2-week lows against major peers on Monday as a decline in Treasury yields restrained the US currency.

In cryptocurrencies, bitcoin traded near US$ 60,000 after rising as high as US$ 61,222 over the weekend.

Back home, JSW Steel and SREI Infrastructure Finance will be among the top buzzing stocks today.

Indian share markets snapped their three-day winning streak and closed in the red last week on Friday. The Nifty failed to hold on to 14,900 for the second consecutive day, while the BSE Sensex ended down more than 150 points.

In one of his videos for Fast Profits Daily, Vijay Bhambwani talks about how the Indian consumer has started to take the price of gold and silver higher.

As per Vijay, gold and silver are rising because of Indians and he believes these are good long-term investments.

You can watch the video here: The Indians Are Coming

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

Sensex Trades Over 200 Points Lower, Dow Futures Down by 59 Points (Today's Market)

May 11, 2021 12:30 pm

BSE Sensex is trading up down 240 points, while the NSE Nifty is trading down by 52 points.

AUROBINDO PHARMA at All Time High; BSE HEALTHCARE Index Up 0.7% (Today's Market)

May 11, 2021 09:51 AM

AUROBINDO PHARMA share price has hit an all time high at Rs 1,064 (up 1.4%). The BSE HEALTHCARE Index is up by 0.7%. Among the top gainers in the BSE HEALTHCARE Index today are AUROBINDO PHARMA (up 1.4%) and PFIZER (up 1.4%). The top losers include PIRAMAL ENTERPRISES and CAPLIN POINT (down 0.2%).

Sensex Falls 400 Points on Weak Global Cues; Kotak Mahindra Bank & HDFC Top Losers (Today's Market)

May 11, 2021 09:30 am

Indian share markets open lower. The BSE Sensex opened down by 412 points, while the Nifty is trading lower by 124 points.

MARICO at All Time High; BSE FMCG Index Up 0.1% (Today's Market)

May 11, 2021 09:49 AM

MARICO share price has hit an all time high at Rs 487 (up 2.8%). The BSE FMCG Index is up by 0.1%. Among the top gainers in the BSE FMCG Index today are MARICO (up 2.8%) and P&G HYGIENE (up 0.7%). The top losers include DABUR (down 0.1%) and KRBL (down 0.1%).

GRINDWELL NORTON at All Time High; BSE CAPITAL GOODS Index Down 0.3% (Today's Market)

May 11, 2021 09:49 AM

GRINDWELL NORTON share price has hit an all time high at Rs 1,159 (up 3.4%). The BSE CAPITAL GOODS Index is down by 0.3%. Among the top gainers in the BSE CAPITAL GOODS Index today are GRINDWELL NORTON (up 3.4%) and HONEYWELL AUTOMATION (up 0.2%). The top losers include SOLAR INDUSTRIES (down 0.2%) and HAVELLS INDIA (down 0.6%).

SUZLON ENERGY Share Price Up by 5%; BSE OIL & GAS Index Up 1.3% (Today's Market)

May 11, 2021 09:42 AM

SUZLON ENERGY share price is trading up by 5% and its current market price is Rs 6. The BSE OIL & GAS is up by 1.3%. The top gainers in the BSE OIL & GAS Index is SUZLON ENERGY (up 5.4%). The top losers is ONGC .

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