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SGX Nifty Down 61 Points; Indicates Negative Opening for Indian Stock Markets
Mon, 7 Dec SGX Nifty | Yash Vora, TM Team

The SGX Nifty opened on a negative note today.

At 8:10 am, it was trading down by 61 points, or 0.46% lower at 13,266 levels.

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

Asian stock markets have erased gains, hitting a record peak earlier in the session on hopes of a much-needed US stimulus package before year-end just as coronavirus vaccines roll out.

As of the most recent prices, the Nikkei is trading down by 0.2% and the Hang Seng is trading lower by 1.5%.

US stock markets rose to record levels on Friday, notching another weekly advance, as traders shook off a disappointing US jobs report.

The US economy added 245,000 jobs in November. That was well below a Dow Jones consensus estimate of 440,000. The unemployment rate, however, matched expectations by falling to 6.7% from 6.9%.

The Dow Jones Industrial Average ended up by 0.8% while the Nasdaq advanced 0.7%. Both indexes posted intraday and closing record highs.

Friday's jump led to their fourth weekly gain in five weeks. The Dow rose 1% last week while the Nasdaq Composite rallied 2.2%.

US stock futures are trading on a flat note, following a record-setting session as Wall Street searched for clues on additional fiscal aid.

Dow futures are trading down by 17 points or 0.1%, while Nasdaq futures advanced 0.2%.

Here are some key events due later this week:

  • Japan - GDP - Q3 - Tuesday
  • US Crude Oil Inventory - Wednesday
  • European Central Bank policy decision - Thursday

Back home, Bharti Airtel and IRCTC 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


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ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

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