SGX Nifty Up 23 Points; Indicates Flat Opening for Indian Stock Markets

Fri, 27 Nov SGX Nifty | Yash Vora, TM Team

   Previous Close   

   Pre-Open   

   09:30 am   

   12:30 pm   

   Closing   

The SGX Nifty opened on a positive note today.

At 8:10 am, it was trading up by 22 points, or 0.2% higher at 13,050 levels.

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

Asian stock markets fell slightly today, pulling back from a record high hit earlier this week, amid renewed doubts about a highly-anticipated coronavirus vaccine and concern about the economic impact from the pandemic.

As of the most recent prices, the Nikkei is trading down by 0.3% and the Hang Seng is trading lower by 0.4%.

US stock markets were closed on Thursday for the Thanksgiving holiday and will trade on a partial schedule later today.

US stock markets ended mixed on Wednesday as jobless claims were a disappointment, rising more than expected. GDP for Q3 came out in line with expectations, while durable goods orders were stronger than expected.

As of Wednesday's closing prices, the Dow Jones Industrial Average ended down by 0.6% while the Nasdaq ended up by 0.5%, hitting an all-time high intraday.

European share markets ended flat on Thursday as an extension of coronavirus restrictions in Germany and a grim growth forecast for the United Kingdom brought the focus back to the near-term economic damage caused by the pandemic.

US stock futures are trading lower today as AstraZeneca said it would likely need to conduct another study for its coronavirus vaccine.

This comes after results from its first study raised some concerns. Initial readings from the first late-stage trials showed an average efficacy of 70%.

Dow futures lost 79 points or 0.3%, while Nasdaq futures are trading down by 7 points.

Crude oil prices are mixed today in quiet trade due to the US Thanksgiving holiday, with West Texas Intermediate (WTI) dropping more than 1% amid concerns about oversupply and doubts about a vaccine to end the coronavirus pandemic.

Both benchmarks, WTI and Brent crude have risen about 6% this week, after AstraZeneca earlier announced that its Covid-19 vaccine could be up to 90% effective.

Back home, Siemens and Laurus Labs 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!

Read the latest Market Commentary

Indian Share Market Update: Top Gainers and Losers

What else is happening in the markets today? Dig in...