The SGX Nifty opened on a positive note today.
At 8:05 am, it was trading up by 54 points, or 0.4% higher at 15,000 levels.
Trends on SGX Nifty indicate a positive opening for Indian stock markets.
Asian stock markets are trading on a mixed note today as investors tempered fears about inflation and the prospects of an early tapering of stimulus by the Federal Reserve.
The Hang Seng is trading down by 0.3% while the Nikkei is trading up by 0.4%. The Shanghai Composite is trading down by 0.6%.
In US stock markets, Wall Street indices rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted sentiment.
The Dow Jones Industrial Average rose 0.7%, while the Nasdaq Composite closed up 1.5%.
Early Thursday, the Labor Department reported initial jobless claims fell to 444,000 in the week ended May 15. That was lower than the prior week's 478,000 claims and economists' forecasts for 460,000 new filings.
US stock futures are trading on a positive note with the Dow futures trading up by 23 points while Nasdaq futures are up 14 points.
In the cryptocurrency market, Bitcoin clawed back some lost ground to trade near US$ 40,000 a day after a brutal selloff, helping renew appetite for risk.
Gold prices eased today as optimism around a swift economic recovery lifted appeal for riskier assets, although a weaker dollar and growing inflationary pressure limited losses and kept bullion on track for a third straight weekly rise.
Here are the key events due later today:
Back home, Indiabulls Housing Finance and Tanla Solutions will be among the top buzzing stocks today.
In his latest video for Fast Profits Daily, India's #1 trader, Vijay Bhambwani talks about how you can make ONGC's loss your gain.
In the video, Vijay shares an update about a geopolitical event that will be important for traders.
You can watch the video here: Make ONGC's Loss Your Gain
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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Top cues to track in today's stock market session.
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