SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 10 points at the opening bell.
Global markets:
Overseas, Asian stocks are trading mixed on Tuesday as investors remained cautious over rising coronavirus cases, U.S. stimulus negotiations as well as Brexit talks between the U.K. and the European Union.
The U.K. and the European Union are making last efforts to reach a post-Brexit trade deal this week. Both sides remain divided over three issues: fisheries, competition rules and governance of their potential deal. They have been stuck on these three areas since early summer.
British Prime Minister Boris Johnson is set to travel to Brussels this week in a final push to clinch a post-Brexit trade deal with the EU. Johnson will meet European Commission chief Ursula von der Leyen in person after two phone calls between the leaders failed to bear fruit.
In US, the Dow Jones Industrial Average and S&P 500 fell on Monday as traders worried about rising coronavirus cases and searched for clues on additional fiscal aid. The Nasdaq Composite, meanwhile, rose 0.5% to 12,519.95 and hit a fresh record high.
Meanwhile, Japan will compile a fresh economic stimulus package worth 73.6 trillion yen ($708 billion), Prime Minister Yoshihide Suga said on Tuesday, signalling his resolve to pull the country out of its coronavirus crisis-induced slump. The new stimulus package will include fiscal spending worth around 40 trillion yen, Suga said.
Domestic markets:
Back home, the domestic equity indices extended their winning run to third consecutive trading session on Monday. The barometer index, the S&P BSE Sensex, jumped 347.42 points or 0.77% at 45,426.97. The Nifty 50 index gained 97.20 points or 0.73% to 13,355.75. Both the indices attained record closing high levels.
Foreign portfolio investors (FPIs) bought shares worth Rs 3,792.06 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 2,767.09 crore in the Indian equity market on 7 December 2020, provisional data showed.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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