The SGX Nifty opened on a negative note today.
At 8:10 am, it was trading down by 238 points, or 1.6% lower at 14,630 levels.
Trends on SGX Nifty indicate a gap-down opening for Indian stock markets.
Asian stock markets are trading on a cautious note today as investors wait to see if US earnings can justify sky-high valuations.
The Nikkei is trading down by 0.5% while the Hang Seng is down 1.1%. The Shanghai Composite is trading lower by 0.6%.
In US stock markets, Wall Street indices climbed to another record on Friday as investors shrugged off concerns over inflation and focused on prospects for an economic rebound.
A modest sell-off of US Treasuries, triggered by concerns over higher-than-expected readings on US and Chinese producer prices, faded by late-afternoon, as the yield on the 10-year note finished at 1.67%.
The S&P 500 closed above 4,100 and posted its third-straight weekly rally - the longest winning streak since October.
The Nasdaq Composite gained 0.5%, while the Dow Jones Industrial Average added 0.9%, a record of its own.
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For the week, the Dow rose almost 2% while the Nasdaq index climbed 3.1%.
US stock futures are trading lower today, suggesting Wall Street could see muted trading today after reaching fresh records last week.
The dollar languished near 2-1/2-week lows against major peers on Monday as a decline in Treasury yields restrained the US currency.
In cryptocurrencies, bitcoin traded near US$ 60,000 after rising as high as US$ 61,222 over the weekend.
Back home, JSW Steel and SREI Infrastructure Finance will be among the top buzzing stocks today.
Indian share markets snapped their three-day winning streak and closed in the red last week on Friday. The Nifty failed to hold on to 14,900 for the second consecutive day, while the BSE Sensex ended down more than 150 points.
In one of his videos for Fast Profits Daily, Vijay Bhambwani talks about how the Indian consumer has started to take the price of gold and silver higher.
As per Vijay, gold and silver are rising because of Indians and he believes these are good long-term investments.
You can watch the video here: The Indians Are Coming
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...
RAIN INDUSTRIES share price is trading down by 6% and its current market price is Rs 164. The BSE 500 is down by 2.6%. The top gainers in the BSE 500 Index are JUBILANT PHARMOVA (up 6.2%) and IPCA LABS (up 5.3%). The top losers are RAIN INDUSTRIES (down 5.8%) and BAJAJ FINANCE (down 5.1%).
Apr 12, 2021 09:39 AMVOLTAS share price is trading down by 6% and its current market price is Rs 994. The BSE CONSUMER DURABLES is down by 4.0%. The top losers are VOLTAS (down 6.2%) and SYMPHONY (down 5.9%).
Apr 12, 2021 09:39 AMVA TECH WABAG share price is trading down by 7% and its current market price is Rs 254. The BSE CAPITAL GOODS is down by 3.7%. The top losers are VA TECH WABAG (down 6.9%) and HEG (down 7.8%).
Apr 12, 2021 09:39 AMSHRIRAM TRANSPORT share price is trading down by 8% and its current market price is Rs 1,412. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are GSK CONSUMER (up 5.1%) and JUBILANT PHARMOVA (up 5.0%). The top losers are SHRIRAM TRANSPORT (down 8.0%) and BAJAJ FINANCE (down 6.4%).
Apr 12, 2021 09:38 AMJ&K BANK share price is trading down by 6% and its current market price is Rs 26. The BSE BANKEX is down by 4.3%. The top losers are J&K BANK (down 6.5%) and INDUSIND BANK (down 8.2%).
Apr 12, 2021 SGX NiftyTrends on SGX Nifty indicate a gap-down opening for Indian stock markets.
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