Dalal St Likely to Open Higher; Factors Affecting Nifty50 on Dec 28

  • Investing.com
  • Stock Market News
Dalal St Likely to Open Higher; Factors Affecting Nifty50 on Dec 28
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was found trading 0.5% higher at 7:46 am on Tuesday, indicating Dalal Street to open in green. At the same time, the Dow Jones Futures was down 0.14%.

The three major indices of Wall Street continued to end higher for the fourth consecutive session on Monday, led by significant gains made by technology stocks. The price of U.S. crude oil increased 2.4%, resulting in energy stocks climbing too. Moreover, healthcare and financial scrips helped raise the market as well.

The broad stock-market gauge S&P 500 ended at an all-time high on Monday, despite several foreign markets remaining closed and the rising cases of Omicron variant in the US.

The tech-heavy Nasdaq Composite advanced 1.39%, Dow Jones rose 0.98%, and S&P 500 ended 1.38% higher on Monday.

Stocks across the Asian markets traded at a mixed note on Tuesday, tracking optimism on Wall Street, while concerns persist on the economic effect of the rising Omicron cases and tighter policies. 

At 7:54 am on Tuesday, MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.05%, while South Korea's KOSPI was up 0.05%, and Japan’s Nikkei 225 advanced 1.06%.

At the same time, Hong Kong’s Hang Seng Index was down 0.51%, and China's Shanghai Composite dropped 0.13%.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles