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SGX Nifty Trades 100 Points Higher; Indicates Firm Opening for Indian Stock Markets
Mon, 17 Aug SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:15 am, it was trading up by 100 points, or 0.9% higher at 11,280 levels.

Trends on SGX Nifty indicate a gap-up opening for Indian stock markets.

Asian stock markets are trading on a mixed note today as tensions between the US and China continue to weigh on investor sentiment. Japan's economy shrank 27.8% on an annualized basis in April-June, according to government data released earlier today.

As of the most recent prices, the Hang Seng is trading up by 0.6% and the Shanghai Composite is trading up by 1.1%. The Nikkei is trading down by 0.7%.

US stocks ended on a mixed note on Friday, after a weaker-than-expected rise in retail sales underlined lingering questions about the economy's resilience following its pandemic-induced collapse in the spring.

The Dow Jones Industrial Average closed up by 34 points. Meanwhile, the Nasdaq Composite shed 23 points to close at 11,019.

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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