The SGX Nifty opened on a positive note today.
At 8:10 am, it was trading up by 80 points, or 0.6% higher at 15,240 levels.
Trends on SGX Nifty indicate a firm opening for Indian stock markets.
Asian stock markets advanced to record highs as successful coronavirus vaccine rollouts globally raised hopes of a rapid economic recovery amid new fiscal aid from Washington.
Japan's Nikkei climbed 1.3%, despite data showing the country's recovery from its worst post-war recession slowed in the fourth quarter.
In US stock markets, Wall Street indices ended marginally higher on Friday to set another round of record closes.
The Dow Jones Industrial Average added 28 points, up 0.1%, while the Nasdaq Composite gained 0.5% to a fresh record high.
The Dow finished the week with a gain of 1% while the tech-heavy Nasdaq rose 1.7%.
US markets notched records this month as investors remained hopeful for a smooth economic reopening as well as additional Covid stimulus. So far in February, the Dow has gained 4.9% while the Nasdaq has rallied 7.8%.
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US financial markets will be closed today in observance of Presidents Day. The New York Stock Exchange and the Nasdaq will resume normal trading hours on Tuesday following a three-day holiday weekend to celebrate George Washington's birthday.
Crude oil prices climbed to the highest since January 2020 on hopes US stimulus will boost the economy and fuel demand.
Here are the key events due later this week:
Back home, Shipping Corporation and Adani Enterprises will be among the top buzzing stocks today.
In our new video series called Momentum Moves, Brijesh Bhatia talks about what traders can expect this week.
As per Brijesh, this week could be dangerous for bulls in IT stocks.
You can watch the video here: Nasdaq & Nifty Could Reverse
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.
For information on how to pick stocks that have the potential to deliver big returns, download our special report now!
Read the latest Market Commentary
What else is happening in the markets today? Dig in...
SBI share price has hit an all time high at Rs 409 (up 3.8%). The BSE BANKEX Index is up by 3.5%. Among the top gainers in the BSE BANKEX Index today are SBI (up 3.8%) and KOTAK MAHINDRA BANK (up 1.9%). The top losers include YES BANK (down 0.9%).
Feb 15, 2021 03:34 PMGRINDWELL NORTON share price has hit an all time high at Rs 889 (up 1.3%). The BSE CAPITAL GOODS Index is up by 0.5%. Among the top gainers in the BSE CAPITAL GOODS Index today are GRINDWELL NORTON (up 1.3%) and HONEYWELL AUTOMATION (up 1.6%). The top losers include V GUARD INDUSTRIES (down 0.1%) and BHARAT ELECTRONICS (down 0.3%).
Feb 15, 2021 03:24 PMRAIL VIKAS NIGAM share price is trading down by 5% and its current market price is Rs 33. The BSE CAPITAL GOODS is up by 0.7%. The top gainers in the BSE CAPITAL GOODS Index are GRAPHITE INDIA (up 4.8%) and HAVELLS INDIA (up 2.8%). The top losers is RAIL VIKAS NIGAM (down 5.2%).
Feb 15, 2021 03:06 PMAXIS BANK share price is trading up by 5% and its current market price is Rs 789. The BSE BANKEX is up by 2.9%. The top gainers in the BSE BANKEX Index are AXIS BANK (up 5.0%) and RBL BANK (up 5.1%). The top losers is YES BANK (down 1.2%).
Feb 15, 2021 03:00 PMVA TECH WABAG share price is trading up by 10% and its current market price is Rs 244. The BSE CAPITAL GOODS is up by 0.8%. The top gainers in the BSE CAPITAL GOODS Index is VA TECH WABAG (up 10.5%). The top losers are BHEL (down 0.1%) and BHARAT ELECTRONICS (down 0.1%).
Feb 15, 2021 12:30 pmBSE Sensex is trading up by 564 points, while the NSE Nifty is trading up by 133 points.
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