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SGX Nifty Indicates Flat Opening for Indian Stock Markets
Fri, 10 Dec SGX Nifty

The SGX Nifty opened on a flat note today.

At 7:50 am, it was trading up by 6 points, or 0.1% higher at 17,539 levels.

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

Asian stock markets are trading on a negative note today as traders weighed the economic threat of virus restrictions against optimism about the efficacy of vaccines.

Chinese markets are in focus after China Evergrande Group and Kaisa Group Holdings officially defaulted on their dollar debt.

Both, the Hang Seng and the Shanghai Composite are trading down by 0.3%. The Nikkei is trading down by 0.5%.

In US stock markets, Wall Street closed lower on Thursday as investors banked some profits after three straight days of gains and turned their focus toward upcoming inflation data and how it might influence the Federal Reserve's meeting next week.

Investors received an encouraging update on job market's recovery. The Labour Department reported that the number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years.

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The employment market's recovery has been a key focus for Wall Street while it gauges the strength of the economy as it moves past the virus pandemic.

The Dow Jones Industrial Average ended on a flat note, while the technology-focused Nasdaq Composite dipped 1.7% or 270 points.

US stock futures are trading on a flat note today with Dow Futures up by 18 points.

Gold prices edged higher today but were headed for a fourth straight weekly fall as investors kept to the sidelines ahead of key US inflation data that could influence the Federal Reserve's next policy move.

Crude oil prices settled lower on Thursday on fears about the economic outlook in the world's biggest oil importer following ratings downgrades to two Chinese property developers, and after some governments took measures to fight the Omicron variant of the coronavirus.

Back home, ITC and TVS Motor will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, Brijesh Bhatia discusses whether it's time to by the dip in realty stocks.

In the video, Brijesh explains why going long in realty stocks is a good idea.

You can watch the video here: Is it Time to Buy the Dip in Realty Stocks?

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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