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 34 Points; Indicates Negative Opening for Indian Stock Markets
Fri, 14 May SGX Nifty

The SGX Nifty opened on a negative note today.

At 8:05 am, it was trading down by 34 points, or 0.2% lower at 14,675 levels.

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

Asian stock markets climbed today after US benchmarks halted a three-day slide, with signs of a strengthening labor market outweighing investors' concerns about rising inflation.

Chinese stocks fluctuated after the country's MSCI Index slipped into bear-market territory.

The Hang Seng is trading up by 0.4% while the Nikkei zoomed 1.6%. The Shanghai Composite is trading up 0.3%.

In US stock markets, Wall Street indices climbed on Thursday, rebounding from steep losses in the previous session, as investors picked up shares after the pullback.

The Dow Jones Industrial Average rose 434 points, while the S&P 500 jumped 1.2%.

The Nasdaq Composite closed up 0.7% as investors tried to pick some winners in the beaten-up tech sector. Apple and Microsoft each bounced more than 1.5%.

Elon Musk's electric car maker Tesla lost 3%. That stock has posted declines in 11 of the last 13 trading sessions and is on track to post its worst week since March 2020 with a week-to-date loss of 15%.

US markets had tumbled sharply on Thursday as key inflation data showed higher-than-expected price pressures. The Dow had tumbled 680 points to notch its single-worst session since January while the tech-heavy Nasdaq Composite slid 2.6%.

US stock futures rose following gains in the major indexes overnight, with industrial and financial shares outperforming, while energy producers joined a slump in oil.

Dow futures are trading up by 53 points while Nasdaq futures are up 66 points.

European stock markets slid in Thursday's trade, as a rapid rise in US inflation spooked investors, while a drop in commodity prices weighed on heavyweight miners.

Gold prices edged lower today as a firmer dollar made bullion more expensive for other currency holders, although a pullback in the US Treasury yields limited losses for the safe-haven metal.

Back home, Godrej Consumer Products and Siemens will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, Vijay Bhambwani shares his view on the cyber-attack on the colonial pipeline and how it affects traders.

A Hollywood style cyber-attack has caused shockwaves across financial markets. As per Vijay, it is one of the biggest events of the year and you should be paying attention to it.

You can watch the video here: Die Hard 4.0 Redux?

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 34 Points; Indicates Negative Opening for Indian Stock Markets". Click here!