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SGX Nifty Up 84 Points; Indicates Positive Opening for Indian Stock Markets
Mon, 15 Nov SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:10 am, it was trading up by 84 points, or 0.5% higher at 18,215 levels.

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

Asian stock markets are trading on a mixed note today as investors were wary of bearish surprises in a batch of Chinese economic data due out later.

Annual growth in retail sales, industrial output and urban investment are all expected to slow further in October partly due to pandemic restrictions and strains in the housing market.

The Hang Seng is trading on a flat note, while the Shanghai Composite is trading down by 0.2%. The Nikkei is trading up by 0.5%.

In US stock markets, Wall Street indices gained on Friday with market-leading growth stocks helping the indexes resume their climb as investors shrugged off disappointing economic data.

The Dow Jones Industrial Average rose 179 points, or 0.5% and the Nasdaq composite closed up 157 points, or 1%.

However, the recent winning streak for stocks, which produced a series of record highs for the major indexes, came to an end as investors shifted focus from corporate earnings to rising inflation.

The Dow lost 0.6% for the week and the Nasdaq lost 0.7%.

US stock futures are trading on a flat note today with Dow Futures up by 21 points.

Gold prices eased today, pulling back from a more than five-month peak hit in the last session, as a firm dollar dimmed its appeal.

Crude oil price skidded today, under pressure from expectations of higher supplies and weakening demand.

Back home, Vodafone Idea and ONGC will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani shares his thoughts on taking up day trading as a profession.

You can watch the video here: Before Quitting Your Job to Trade, Watch This

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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