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 Up 72 Points; Indicates Firm Opening for Indian Stock Markets
Mon, 5 Jul SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:20 am, it was trading up by 72 points, or 0.5% higher at 15,820 levels.

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

Asian stock markets are trading on a mixed note today after US shares climbed further on speculation the Federal Reserve has scope to continue providing substantial stimulus support.

The Hang Seng and the Nikkei is down by 0.2% and 0.6%, respectively. The Shanghai Composite is trading up by 0.2%.

In US stock markets, Wall Street indices finished at fresh all-time high on Friday, after a monthly report employment was better than expected as the economy bounces back from the Covid-19 pandemic.

Investors were attentive to the jobs figures because the labor-market recovery has been uneven in the rebound from the deadly pandemic, despite a record number of job openings.

The S&P 500 reached a record for a seventh day Friday after a US jobs report signaled the economy is gaining steam but not at a pace that would prompt the central bank to taper stimulus quickly.

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all climbed for a second straight week. The Dow rose 1% this week, while the S&P 500 gained 1.7% and the Nasdaq climbed 1.9%.

US stock futures are trading on a negative note today with Dow Futures down by 62 points.

The US markets will remain closed today in observance of Independence Day.

Gold prices edged lower today after hitting a two-week high in the previous session, weighed down by a slight uptick in the dollar, while investors awaited more US economic data for clues on the Federal Reserve's monetary policy plans.

Crude oil prices ended the week mixed as organization of the petroleum exporting countries (OPEC) and Russia (members of the group known as OPEC+) again delayed a decision about easing output curbs that have been in place to help stabilize crude prices.

Back home, Vodafone Idea and Hero MotoCorp will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani talks about the basics of short selling.

You can watch the video here: The Basics of Short Selling

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 Up 72 Points; Indicates Firm Opening for Indian Stock Markets". Click here!