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 67 Points; Indicates Firm Opening for Indian Stock Markets
Mon, 12 Jul SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:05 am, it was trading up by 67 points, or 0.4% higher at 15,795 levels.

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

Asian stock markets are trading on a positive note today as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth, though plenty of potential pitfalls lay ahead this week.

China stocks rose after the central bank cut the amount of cash most banks must hold in reserve to buttress a slowing economic expansion.

The Hang Seng and the Nikkei is up by 0.7% and 2.3%, respectively. The Shanghai Composite is trading up by 0.9%.

In US stock markets, Wall Street indices staged a strong rebound Friday, finishing a topsy-turvy week at fresh records.

Treasuries snapped an eight-session rally Friday that saw 10-year yields tumble as low as 1.25% in a volatile week. They will remain in focus amid new supply coming to the market this week, as well as key US inflation data and Federal Reserve Chair Jerome Powell's semi-annual appearance before Congress.

The S&P 500 finished last week at all-time highs as investors continued to bet that global growth remains on track despite new Covid-19 variants.

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

Details of our SEBI Research Analyst registration are mentioned on our website - www.equitymaster.com
----------------------------------------

The S&P 500 added 48.7 points, or 1.1%, following its worst one-day retreat since June 18.

The Dow Jones Industrial Average added 448.2 points, or 1.3%. The Nasdaq Composite gained 142.1 points, or 1%.

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

Gold prices inched higher today, on persisting concerns around Covid-19, with investors awaiting US inflation data due this week and Federal Reserve Chair Jerome Powell's testimony.

Crude oil prices steadied today after ending a volatile week with a bounce as US inventories tightened. Dealers are still uncertain about the outlook for supplies after organization of the petroleum exporting countries (OPEC) talks on restrictions broke down.

Back home, TCS and Tata Power will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani talks about why the bulls are finding it difficult to push the market higher.

You can watch the video here: What Ails the Market?

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