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:
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
What else is happening in the markets today? Dig in...
ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).
ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).
JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).
UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).
ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).
The BSE Sensex is trading down by 1,464 points, while the NSE Nifty is trading down by 423 points.
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