The SGX Nifty opened on a positive note today.
At 8:10 am, it was trading up by 62 points, or 0.45% higher at 14,440 levels.
Trends on SGX Nifty indicate a firm opening for Indian stock markets.
Asian stock markets opened higher today as traders weighed the implications of higher US Treasury yields amid President-elect Joe Biden's push for huge fiscal aid to fight the impact of the pandemic.
The Hang Seng is trading up by 0.4% while the Shanghai Composite is up 0.3%.
In US, Wall Street indices rose to all-time highs on Friday after Biden said he'll lay out proposals this week for trillions of dollars in fiscal support to fight the economic toll of surging virus cases.
The Dow Jones Industrial Average ended up by 0.2% while the tech heavy Nasdaq ended up by 1.03%.
The Dow and the Nasdaq Composite gained 1.6% and 2.4% for the last week, also reaching all-time highs.
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European stock markets logged their strongest weekly gains since November on Friday, with Germany's DAX hitting a record high on the back of better-than-expected economic data and encouraging earnings updates from chipmakers.
US stock futures are lower higher today as investors assessed the outlook for more Covid-19 relief stimulus. Dow futures are trading down by 132 points while Nasdaq futures are trading down by 47 points.
Crude oil prices fell today on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world's second-largest oil user, after a jump in cases there.
Brent crude oil futures fell 42 cents, or 0.8%, to US$ 55.57 a barrel after earlier climbing to US$ 56.39, its highest since February 25, 2020.
Here are the key events due later this week:
Back home, Tata Power and TCS will be among the top buzzing stocks today.
To know the top cues in today's stock market session, check out the pre-open commentary here.
Stay tuned for more updates on Indian stock markets in the upcoming commentary.
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Read the latest Market Commentary
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