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SGX Nifty Up 18 Points; Indicates Flat Opening for Indian Stock Markets
Fri, 11 Jun SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:20 am, it was trading up by 18 points, or 0.1% higher at 15,790 levels.

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

Asian stock markets are trading on a steady note today after US shares and Treasuries rallied as investors judged that a jump in inflation is likely to be transitory, leaving scope for ongoing central-bank support.

The Hang Seng is up 0.4% while the Nikkei is trading on a flat note today. The Shanghai Composite is trading down by 0.6%.

In US stock markets, Wall Street indices closed at record high as inflation figures exceeded expectations.

Treasury yields extended declines to the lowest since March as investors bet that the Federal Reserve will maintain its ultra-accommodative policies even after data showed consumer prices rose more than forecast last month.

The 10-year Treasury yield fell to as low as 1.44% after initially surge in the wake of the inflation report.

The Dow Jones Industrial Average gained 19 points or 0.1% while the Nasdaq Composite rose 109 points or 1%.

US stock futures are trading on a flat note today with Dow Futures down by 7 points.

Gold prices hovered near the key US$ 1,900 per ounce level today, helped by a weaker dollar and US bond yields.

Here are the key events due later today:

  • UK - Manufacturing Production & Trade Balance - April
  • India - Industrial Production - April
  • USA - Michigan Consumer Sentiments - June

Back home, Accelya Kale Solutions and Reliance Power will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani explains why the stock market fell the way it did on Wednesday, 9 June 2021.

You can watch the video here: Wednesday's Market Fall Explained

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!

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