Markets Live: SGX Nifty Indicates Flat Start; Ircon, Bharat Forge, Engineers India In Focus

Good Morning!

Indian equities ended higher for the second straight session on Tuesday, led by auto and technology stocks.

The S&P BSE Sensex and the NSE Nifty 50 have recovered more than half of Friday’s losses in the last two days.

Futures, however, are indicating a subdued start to Wednesday’s trading session as sentiment across the Asia-Pacific is cautious. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.24% to 15,021 as of 8:00 a.m.

Asian equities are mixed in mid-week trading after stocks on Wall Street retreated overnight amid concerns over excessive investor optimism.

Benchmark indices fluctuated in Japan but rose in Hong Kong and China. Australia’s markets outperformed after a strong GDP print.

Futures on the Dow Jones are trading 80 points higher. The index fell 0.5% overnight.

West Texas Intermediate crude traded below $60 at $59.76 per barrel, while gold fell 0.3% to $1,734.1/Oz.

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