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SGX Nifty Trades 67 Points Higher; Indicates Positive Opening for Indian Stock Markets
Mon, 23 Nov SGX Nifty | Yash Vora, TM Team

The SGX Nifty opened on a positive note today.

At 8 am, it was trading up by 67 points, or 0.5% higher at 12,961 levels.

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

Asian stock markets are off to a mixed start after today. As of the most recent prices, the Shanghai Composite is trading up by 0.2% and the Hang Seng is trading down by 0.1%.

In US, all three major averages finished Friday's session lower, while the Dow and S&P 500 also posted a loss for the week, falling 0.7% and 0.8%, respectively, for their first negative week in three.

The Dow Jones Industrial Average ended down by 0.8% while the Nasdaq ended down by 0.4%.

Stocks came under pressure as Covid-19 cases continue to rise, with the US reporting a record-high spike of more than 195,500 new cases on Friday.

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A disagreement between the Treasury Department and the Federal Reserve over the continuation of funding for some of the emergency programs instituted amid the Covid-19 outbreak also weighed on markets.

US stock futures are trading higher even as Covid-19 cases rose in the US and abroad.

Dow futures advanced 112 points for a gain of 0.4% while Nasdaq futures advanced 0.3%.

Crude oil prices moved higher on Friday, lifted by optimism about a likely pick-up in energy demand once the Covid-19 vaccines get the nod from drug regulators.

Back home, Infosys and Bharat Electronics will be among the top buzzing stocks 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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