Stock Markets Live: SGX Nifty Indicates Flat Start; Defence And IT Stocks, Zee In Focus

Good Morning!

Indian equity markets are poised to gain for the seventh straight week — the longest such streak since April 2019.

So far this week, the S&P BSE Sensex and NSE Nifty 50 have gained 1.7%.

Futures, however, are indicating a flat start to the final trading day of the week. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.2% to 13,771 as of 8:20 a.m. on Friday.

For today’s trading session, Sun TV has joined Canara Bank and Punjab National Bank in the F&O ban. Three other stocks — HDFC Asset Management Co., Dr. Lal Pathlabs Ltd. and Aarti Industries Ltd. — will commence trading in the F&O space starting Jan. 1, 2021, according to a circular on the exchanges.

Globally, Asian markets are mixed this morning as the U.S. lawmakers continue to wrangle over a federal-spending deal. Futures on the Dow Jones are currently trading 65 points lower. The index had gained 0.5% on Thursday.

West Texas Intermediate crude fell 0.3% to $48.2 per barrel, while gold traded at $1,879.8/Oz.

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