- Advertisement -
HomeCURRENT AFFAIRSBUSINESSStock Market Today: Sensex, Nifty are expected to open up amid encouraging...

Stock Market Today: Sensex, Nifty are expected to open up amid encouraging signals; SGX Nifty is up by 65 points

Stock Market Today: Indian headline indexes S&P BSE Sensex and NSE Nifty50 are anticipated to start Friday on a strong note after encouraging inputs from global stock markets. The Dow Futures was trading at 33791.10, up 9.60 points, while the Singapore-based SGX Nifty futures, a leading indicator of movement in the Nifty50, was trading at 18792.5, up 65 points or 0.35 percent.

Nikkei 225 was up over 300 points or 1.08 percent, trading at 27873.30, as Asian markets were also a hive of positive activity. The Shanghai Composite Index in China was trading at 3198.87, flat but leaning in the right direction. Hang Seng was trading at 19621.66, up 171.43 or 0.88 per cent.

Stock Market Today: US markets settled positively

The US stock markets ended the day on a high note on Thursday. The Dow 30 closed with a lead of 183 points, or 0.55 percent, at 33781.50, and the S&P 500 ended the day at 3963.51, up 29.59 points, or 0.75 percent. Nasdaq Composite finished at 11082, up 123.45 points or 1.13 per cent. Apple, Microsoft and Amazon stocks closed with gains.

Also Read: iPhone 11 Vs Oppo Reno 8 Pro: Two Of The Top 5G Phones with Smart Features Compared Minutely For Insightful Decision Making

Dalal Street will be closely watching the developments in US as Federal Reserve will announce its monetary policy rates next week.

Dollar Index and crude oil

In relation to a basket of six major currencies, the dollar index is now around 105. This bodes favourably for Indian markets and the rupee. Crude Oil is also trading at lows not seen in 1 year. Brent crude is trading around USD 76 while WTI around USD 72.

Among local considerations, FII and DII action will be a crucial determinant on how market moves. Expect stock specific actioning Paytm where company’s board will meet on 13 December to contemplate repurchase. Bajaj Consumer Board to meet to consider share buyback. Oil and paint stocks could be in focus.

Also Read: OPPO F21s Pro VS OPPO F21 PRO: Specifications, features and price compared to facilitate decision making

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOKINSTAGRAM, and TWITTER

Enter Your Email To get daily Newsletter in your inbox

- Advertisement -

Latest Post

Latest News

- Advertisement -