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SGX Nifty Up 105 Points; Indicates Firm Opening for Indian Stock Markets
Mon, 22 Nov SGX Nifty

The SGX Nifty opened on a positive note today.

At 8:20 am, it was trading up by 105 points, or 0.5% higher at 17,845 levels.

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

Asian stock markets are trading on a mixed note today amid concerns about European Covid-19 curbs and the risk of the US Federal Reserve speeding up stimulus withdrawal.

The Hang Seng is trading down by 0.2%, while the Shanghai Composite is trading up by 0.4%. The Nikkei is trading down by 0.2%.

In US stock markets, Wall Street indices ended mixed on Friday amid growing concerns over rising cases of Covid-19 in the US and Europe.

Shares of large technology companies helped deliver a fillip to a stock market otherwise stricken by renewed angst over Covid-19.

The Dow Jones Industrial Average fell 269 points, or 0.8%, while the Nasdaq composite closed up 64 points, or 0.4%.

For the week, the Dow lost 1.4%, while the S&P 500 gained 0.3% and the Nasdaq Composite advanced 1.2%.

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US stock futures are trading on a positive note today with Dow Futures up by 93 points.

Gold prices stabilised today after hitting their lowest in nearly two weeks, as a retreating dollar lent some support to the metal.

Crude oil prices fell to seven-week lows today, extending declines after the previous session's slide, on concerns about excess supply after Japan said it was weighing releasing oil reserves and over demand from a worsening Covid-19 situation in Europe.

Back home, ITC and MTNL will be among the top buzzing stocks today.

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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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