The SGX Nifty opened on a positive note today.
At 8:10 am, it was trading up by 39 points, or 0.2% higher at 15,960 levels.
Trends on SGX Nifty indicate a positive opening for Indian stock markets.
Asian stock markets are trading on a negative note today amid concerns about the economic growth outlook and coronavirus flareups in some parts of the world.
The Hang Seng is trading on a flat note, while the Shanghai Composite is down by 0.2%. The Nikkei is trading down by 1.1%.
In US stock markets, Wall Street traded lower even as the four largest U.S. consumer banks posted blockbuster second-quarter results earlier this week that were above analysts' estimates.
Also, the number of Americans filing new claims for unemployment benefits fell to a 16-month low last week as the US labor market steadily gains traction while other data showed import prices rose solidly in June but have probably peaked.
The Dow Jones Industrial Average eked out a 0.2% gain but the S&P 500 fell 0.3% and the Nasdaq Composite Index slid 0.7%.
The Dow Jones Industrial Average fell 0.8%, while the tech-rich Nasdaq Composite Index ended down by 0.6%.
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US stock futures are trading on a negative note today with Dow Futures down by 53 points.
Gold prices on Friday were headed for the fourth straight weekly gain, as investors took comfort from Federal Reserve Chair Jerome Powell's stance that the U.S. central bank would continue to support the economy and inflation will be transitory.
Crude oil prices fell as investors braced for increased supplies after a compromise agreement between leading organization of the petroleum exporting countries (OPEC) producers and after a surprisingly low weekly reading on US fuel demand.
Back home, Titan and Tata Motors will be among the top buzzing stocks today.
In his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani , talks about why India has a great opportunity to grab market share from China.
You can watch the video here: India's Vulture Moment Against China
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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