Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the broader indices in India with a loss of 17 points.
The Indian stock market is expected to open on a cautious note on 10 December, as trends on SGX Nifty indicate a negative opening for the broader indices with a loss of 17 points
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The Indian stock market is expected to open on a cautious note on 10 December, as trends on SGX Nifty indicate a negative opening for the broader indices with a loss of 17 points.
In the previous session, the BSE Sensex jumped 157.45 points to 58,807.13, while the Nifty50 rose 47 points to 17,516.80 and formed a bearish candle on the daily charts.
US 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.
The Dow Jones Industrial Average fell 0.06 points to 35,754.69, the S&P 500 lost 33.76 points, or 0.72%, to 4,667.45 and the Nasdaq Composite dropped 269.62 points, or 1.71%, to 15,517.37.
Asian Markets
Asia-Pacific markets declined on Friday as investors assess risks associated with the new omicron Covid variant and look ahead to key inflation data in the U.S.
Japan's Nikkei 225 extended losses from the previous session and was down 0.16% in early trade. The Topix index traded fractionally higher.
SGX Nifty
Trends on SGX Nifty indicate a cautious opening for the broader index in India with a loss of 17 points. The Nifty futures were trading around 17,528 levels on the Singaporean exchange.
Live Updates
- 10 Dec 2021 9:08 AM IST
Indian economy likely to grow 9% next fiscal: Credit Suisse
Swiss brokerage Credit Suisse expects the economy to continue to show positive surprises and record up to 9 percent growth in the next fiscal. For the current financial year too, the brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 percent, and printing in at around 10.5 percent.
As a policy, Credit Suisse does not provide absolute growth numbers in its forecast. However, an extrapolation of data available and projections indicate that economic growth could clip 9 percent in 2022-23 period, which according to the brokerage is up to 400 basis points (bps) over the consensus numbers.
