Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 36 points loss
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 36 points loss.
image for illustrative purpose
The BSE Sensex rallied 593.31 points, or 1.08 percent, to 55,437.29, while the Nifty50 jumped 164.70 points, or 1.01 percent, to 16,529.10 and formed bullish candle on the daily charts. During the week, the index gained 1.79 percent and formed bullish candle on the weekly scale.
US Markets
The Dow Industrial and S&P 500 edged up to closing records on Friday and notched a second straight week of gains, buoyed by a climb in Walt Disney shares, but a sharp drop in consumer sentiment kept gains in check.
The Dow Jones Industrial Average rose 15.53 points, or 0.04%, to 35,515.38, the S&P 500 gained 7.17 points, or 0.16%, to 4,468 and the Nasdaq Composite added 6.64 points, or 0.04%, to 14,822.90.
Asian Markets
Asian share markets made a cautious start to the week on Monday ahead of a raft of Chinese data that could confirm a slowdown in the giant economy, as much of the world races to stem the spread of the Delta variant of COVID-19 with vaccinations.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade, having hit its lows for the year last month. Japan's Nikkei fell 1.2%, though economic growth pipped forecasts for the June quarter.
SGX Nifty
Trends on SGX Nifty indicate a negative opening for the index in India with a 36 points loss. The Nifty futures were trading at 16,492 on the Singaporean Exchange around 07:30 hours IST.
