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SGX Nifty Down 52 Points; Indicates Negative Opening for Indian Stock Markets
Fri, 3 Dec SGX Nifty

SGX Nifty Down 52 Points; Indicates Negative Opening for Indian Stock Markets

The SGX Nifty opened on a negative note today.

At 8:15 am, it was trading down by 52 points, or 0.3% lower at 17,397 levels.

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

Asian stock markets are trading on a mixed note today as traders evaluated risks from the omicron virus strain.

The Hang Seng is trading down by 1.3%, while the Shanghai Composite is trading up by 0.1%. The Nikkei is trading down by 1.3%.

In US stock markets, Wall Street indices ends higher on Thursday, recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a shifting pandemic.

The Dow Jones Industrial Average gained 617.8 points or 1.8%. The technology-heavy Nasdaq Composite gained 0.8%.

US stock futures are trading on a firm note today with Dow Futures up by 255 points.

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Gold prices set for a third straight weekly drop today, weighed down by signals from Federal Reserve officials that the central bank could end its pandemic-era asset purchases and raise interest rates faster than expected to combat surging inflation.

Crude oil prices settled more than 1% higher on Thursday, after a see-saw session that saw benchmarks swing in a US$5 range after organization of the petroleum exporting countries (OPEC+) surprised markets by sticking to its plans to boost output slowly.

Back home, L&T and Cadila Healthcare will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani talks about how to become a successful trader.

You can watch the video here: My Thoughts on How You Can Become a Successful Trader

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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Stock Market Updates

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