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SGX Nifty Trades 28 Points Higher; Indicates Positive Opening for Indian Stock Markets
Mon, 26 Oct SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:10 am, it was trading up by 28 points, or 0.2% higher at 11,960 levels.

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

Asian stock markets are trading on a mixed note today as surging coronavirus cases in Europe and the United states threaten the economic outlook, even as growth in China provides some support to Asia.

As of the most recent prices, the Nikkei is trading up by 0.1% and the Shanghai Composite is trading down by 0.7%.

Oil prices fell today, extending last week's losses, as a jump in Covid-19 infections in the United States and Europe raised alarms over crude demand, while the prospect of increased supply also hurt sentiment.

In US, Wall Street indices ended marginally higher on Friday, with investors keeping a close eye on negotiations on a US stimulus package that would ease the economic shock caused by the coronavirus pandemic.

The Dow Jones Industrial Average ended down by 0.1%, while the Nasdaq gained 0.4%. The S&P 500 gained 12 points, or 0.3%.

US stock futures are trading lower today as Wall Street headed for the last full trading week ahead of election day.

Dow futures fell about 140 points while Nasdaq futures are also trading in negative territory.

European stocks rose on Friday, boosted by positive earnings updates from Barclays and a surge in Airbus, but nagging worries about the economic impact of surging Covid-19 cases saw markets post their biggest weekly decline in a month.

Back home, Dr Reddy's Lab and SBI Cards will be among the top buzzing stocks today.

Market participants will also track shares of Kotak Mahindra Bank and SBI Life Insurance 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.

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Read the latest Market Commentary


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