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SGX Nifty Trades 12 Points Lower; Indicates Flat Opening for Indian Stock Markets
Fri, 23 Oct SGX Nifty

The SGX Nifty opened on a negative note today.

At 8 am, it was trading down by 12 points, or 0.1% lower at 11,890 levels.

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

Asian stock markets are trading on a mixed note today after positive US economic data and signs of progress in stimulus talks in Washington lifted Wall Street benchmarks.

As of the most recent prices, the Hang Seng is trading up by 0.1% and the Shanghai Composite is trading up by 0.3%.

In US, Wall Street indices closed higher as traders weighed House Speaker Nancy Pelosi's latest remarks on the US fiscal stimulus negotiations. Pelosi said a deal on new coronavirus aid was "just about there."

Investors also took cues from better-than-expected weekly jobless claims. New US weekly jobless claims totaled 787,000 last week, coming in below the median economist estimate of 870,000.

The Dow Jones Industrial Average ended up by 0.5%, while the Nasdaq gained 0.2%. Earlier in the session, the Dow Jones fell as much as 170 points.

US stock futures are trading flat as President Donald Trump and former Vice President Biden make their final case to voters ahead of the elections.

After meeting last month in perhaps the most chaotic debate in modern history, President Donald Trump and his Democratic rival Joe Biden are now participating in their second and final presidential debate.

Back home, Aurobindo Pharma and TCS will be among the top buzzing stocks today.

Market participants will also track shares of Aarti Drugs and JSW Steel as these companies are slated to announce their financial results for the September quarter today.

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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