October 18, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

SGX Nifty Up 16 Points; Indicates Flat Opening for Indian Stock Markets

The SGX Nifty opened on a flat note today.

At 8:00 am, it was trading up by 16 points, or 0.1% higher at 17,916 levels.

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

Asian stock markets climbed today, helped by a rally in Japan, while traders also weighed the resilience of the pandemic recovery to an energy crunch and the prospect of tighter monetary policy to fight inflation.

The Hang Seng and the Shanghai Composite are trading up by 1.9% and 0.3%, respectively. The Nikkei is trading up by 1.6%.

In US stock markets, Wall Street indices ended lower on Friday with technology stocks under pressure as bond yields rose after a monthly report on the labor market came in much weaker than expected.

The Dow Jones Industrial Average fell 9 points, or less than 0.1%. The S&P 500 slipped 8 points, or 0.2%, while the technology-focused Nasdaq Composite Index lost 75 points, or 0.5%.

For the week, the Dow gained 1.2%, its largest percentage gain since 25 June, according to Dow Jones Market Data. The S&P 500 rose 0.8% and the Nasdaq gained 0.1%.

US stock futures are trading on a flat note today with Dow Futures down by 38 points.

Gold prices are flat today as bullion was caught between a dip in the dollar and fears that the US Federal Reserve would start paring stimulus this year despite weak jobs data.

Crude oil prices rose today, extending multiweek gains, amid supply restraint from major producers and growing demand for fuels as economies try to recover from the coronavirus pandemic.

Back home, BPCL and JSW Energy will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India’s #1 trader, Vijay Bhambwani discusses whether you should buy silver ETFs.

You can watch the video here: Should You Buy Silver ETFs?

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,

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

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