The SGX Nifty opened on a negative note today.
At 8:10 am, it was trading down by 70 points, or 0.5% lower at 15,045 levels.
Trends on SGX Nifty indicate a negative opening for Indian stock markets.
Asian stock markets retreated today following overnight declines for the major indexes on Wall Street, as investors mulled the impact of the recent climb in Treasury yields on equities.
The Nikkei is trading down by 0.9% while the Hang Seng is down 0.7%.
In US stock markets, Wall Street indices ended marginally lower after a new report on the US labor market sharply disappointed, ending a streak of better-than-expected economic data and underscoring the incomplete economic recovery still taking place amid the ongoing pandemic.
The Labor Department's weekly report showed initial jobless claims unexpectedly jumped to a one-month high last week, as the US labor market recovery stagnated.
The Dow Jones Industrial Average fell more than 100 points, or 0.4%, to drop for the first time in four sessions. Meanwhile, the Nasdaq underperformed for another session, dipping by about 0.7%.
US stock futures are trading lower today, with Dow Futures trading down by 94 points while Nasdaq futures are down 65 points.
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Crude oil prices slid as much as 2% in early trade today, adding to overnight declines, on worries that refineries shut by a big freeze in the US South will take some time to revive operations and dent crude demand.
US West Texas Intermediate (WTI) crude futures fell US$ 1.21, or 2%, to US$ 59.31 a barrel, after declining 1% on Thursday. Brent crude futures dropped US$ 1.07, or 1.7%, to US$ 62.86 a barrel, after declining 0.6% on Thursday.
Speaking of crude oil, in his latest video for Fast Profits Daily, Vijay Bhambwani talks about why you should be wary of the 'super cycle' narrative around crude oil and natural gas.
You can watch the video here: Don't Buy Into the Energy Trade
Here are the key events due later today:
Back home, Bharti Airtel and New India Assurance 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.
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...
CARBORUNDUM UNIVERSAL share price has hit an all time high at Rs 560 (up 2.2%). The BSE CAPITAL GOODS Index is up by 0.2%. Among the top gainers in the BSE CAPITAL GOODS Index today are CARBORUNDUM UNIVERSAL (up 2.2%) and LAKSHMI MACHINE (up 0.1%). The top losers include GRAPHITE INDIA and FINOLEX CABLES (down 0.2%).
Feb 19, 2021 09:33 AMHINDUSTAN COPPER share price has hit a 52-week high. It is presently trading at Rs 91. BSE 500 Index is down by 0.4% at 19,973. Within the BSE 500, HINDUSTAN COPPER (up 2.2%) and GIC OF INDIA (up 17.3%) are among the top gainers, while top losers are CORPORATION BANK and JINDAL STEEL & POWER.
Feb 19, 2021 09:31 AMTHE NEW INDIA ASSURANCE share price is trading up by 16% and its current market price is Rs 195. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are THE NEW INDIA ASSURANCE (up 16.1%) and GIC OF INDIA (up 15.6%). The top losers are AMARA RAJA BATTERIES and SIEMENS .
Feb 19, 2021 09:27 AMPNB share price is trading up by 5% and its current market price is Rs 46. The BSE BANKEX is down by 1.2%. The top gainers in the BSE BANKEX Index is PNB (up 5.5%). The top losers are RBL BANK (down 0.4%) and KOTAK MAHINDRA BANK (down 0.6%).
Feb 19, 2021 09:27 AMNBCC (INDIA) share price is trading up by 5% and its current market price is Rs 39. The BSE REALTY is down by 0.2%. The top gainers in the BSE REALTY Index is NBCC (INDIA) (up 5.0%). The top losers are INDIABULLS REAL EST (down 0.1%) and PHOENIX MILL (down 0.3%).
Feb 19, 2021 Pre-OpenTop cues to track in today's stock market session.
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