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SGX Nifty Trades 32 Points Lower; Indicates Negative Open for Indian Stock Markets
Fri, 7 Aug SGX Nifty | Monish Vora, TM Team

The SGX Nifty opened on a negative note today.

At 8:15 am, it was trading down by 32 points, or 0.3% lower at 11,180 levels.

Trends on SGX Nifty indicate a negative start for Indian share markets.

Indian ADRs ended mixed. Infosys ADR ended up by 1.42% while HDFC Bank ADR ended marginally lower.

Asian stock markets are trading on a negative note today. The Shanghai Composite is down 0.7% while the Hang Seng is down 0.6%.

The Nikkei 225 is trading down by 0.4%.

US stocks climbed on optimism that officials will come to terms on fresh economic stimulus. Sentiment got a boost as lawmakers pledged to keep working toward a coronavirus relief package and President Donald Trump said he could act unilaterally on some measures.

The Dow Jones Industrial Average rose 0.7%, while the Nasdaq Composite gained 1%.

Stay tuned for more updates on Indian stock markets in the upcoming commentary.

To keep a track of SGX Nifty movements, visit the SGX Nifty page for the latest updates.

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Read the latest Market Commentary


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