Live: SGX Nifty Indicates A Flat Start; ITC, RIL, Cipla In Focus

Good Morning!

The Nifty 50 is just 48 points away from turning positive for the year. The benchmark needs to cross the 12,168 level. The Sensex already turned positive for the year in Thursday's trading session.

The four-day gains have seen the Sensex rally over 1,700 points. The Nifty has gained over 400 points, while the Nifty Bank close to 2,500 points during the period.

Futures, however, are indicating a subdued start to Friday's trading day. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 12,161 as of 8:00 a.m.

Dalmia Bharat, Gujarat Gas, Vinati Organics, Birla Corp. may react to their quarterly results reported after market hours on Thursday.

Nifty 50 companies Cipla and ITC will round off the trading week with their results. Non-Nifty firms that will report results today are Vedanta, Aditya Birla Fashion, Ashok Leyland, Balkrishna Industries, CreditAccess Grameen, Dr Lal Pathlabs, MRF and Voltas, among others.

Globally, Asian markets are mixed in today's session. Markets in Japan and Australia are rising, while those in Hong Kong and South Korea are fluctuating.

Futures on the Dow Jones are off the session's low, currently trading with losses of 70 points. The index ended another 2% higher on Thursday, even as the fate of the U.S. presidential elections hangs in the balance.

West Texas Intermediate crude fell 0.8% to $38.09 per barrel, while gold fell 0.5% to $1,939 per barrel.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.