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SGX Nifty Up 68 Points; Indicates Firm Opening for Indian Stock Markets
Mon, 25 Oct SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:10 am, it was trading up by 68 points, or 0.4% higher at 18,212 levels.

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

Asian stock markets are trading on a mixed note today as traders weighed inflation risks, a Covid-19 outbreak in China and earnings prospects for major technology firms.

The Hang Seng is trading on a flat note, while the Shanghai Composite is trading up by 0.2%. The Nikkei is trading down by 1%.

In US stock markets, Wall Street indices capped a choppy day of trading on Friday with an uneven finish for the major stock indexes, as losses for several large technology companies weighed on the market.

The S&P 500 was little changed a day after it set an all-time high, but the 0.1% slip ended its seven-day winning streak.

The Dow Jones Industrial Average notched a 0.2% gain, good enough to eclipse the blue-chip index's previous record high set on 16 August 2021. The tech-heavy Nasdaq composite fell 0.8%.

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Despite the downbeat finish to the week, the three major indexes posted their third weekly gain in a row. Investors have been reviewing corporate earnings over the last two weeks and the mostly solid results have helped stocks generally grind higher.

Remarks on Friday by Federal Reserve Chair Jerome Powell appeared to put traders in a selling mood. Powell said that the supply chain issues that have caused disruptions across the US economy since this summer have gotten worse and will likely keep inflation elevated well into next year.

US stock futures are trading on a negative note today with Dow Futures down by 43 points.

Crude oil prices rose on Monday, extending pre-weekend gains, with US crude hitting a seven-year high as global supply remained tight amid strong demand worldwide as economies recover from coronavirus pandemic-induced slumps.

Back home, Yes Bank and GAIL India will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader, Vijay Bhambwani talks about how to know if your stock will fall.

You can watch the video here: How to Know if Your Stock Will Fall

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


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Dec 9, 2021 01:50 PM

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