December 2, 2021

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

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

SGX Nifty Up 105 Points; Indicates Firm Opening for Indian Stock Markets

SGX Nifty Up 105 Points; Indicates Firm Opening for Indian Stock Markets

The SGX Nifty opened on a positive note today.

At 8:20 am, it was trading up by 105 points, or 0.5% higher at 17,845 levels.

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

Asian stock markets are trading on a mixed note today amid concerns about European Covid-19 curbs and the risk of the US Federal Reserve speeding up stimulus withdrawal.

The Hang Seng is trading down by 0.2%, while the Shanghai Composite is trading up by 0.4%. The Nikkei is trading down by 0.2%.

In US stock markets, Wall Street indices ended mixed on Friday amid growing concerns over rising cases of Covid-19 in the US and Europe.

Shares of large technology companies helped deliver a fillip to a stock market otherwise stricken by renewed angst over Covid-19.

The Dow Jones Industrial Average fell 269 points, or 0.8%, while the Nasdaq composite closed up 64 points, or 0.4%.

For the week, the Dow lost 1.4%, while the S&P 500 gained 0.3% and the Nasdaq Composite advanced 1.2%.

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US stock futures are trading on a positive note today with Dow Futures up by 93 points.

Gold prices stabilised today after hitting their lowest in nearly two weeks, as a retreating dollar lent some support to the metal.

Crude oil prices fell to seven-week lows today, extending declines after the previous session’s slide, on concerns about excess supply after Japan said it was weighing releasing oil reserves and over demand from a worsening Covid-19 situation in Europe.

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

In his latest video for Fast Profits Daily, Brijesh Bhatia shares his views on learning artificial intelligence (AI) tools for trading.

You can watch the video here: Using AI in Your Trading System

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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