Dalal St Likely to Open in Green; Factors Affecting Nifty50 on Dec 13

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Dalal St Likely to Open in Green; Factors Affecting Nifty50 on Dec 13

By Malvika Gurung

Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was found trading 0.81% higher at 7:55 am on Monday, indicating Dalal Street to open at a positive note, tracking gains across the global markets. At the same time, the Dow Jones Futures was up 0.4%.

Wall Street advanced on Friday, driven largely by technology stocks, as the inflation reading was largely in line with the general agreement. The S&P 500 attained an all-time closing high, positing 38 new 52-week highs compared to one new low.

The tech-heavy Nasdaq Composite ended 0.73% higher, Dow Jones 0.6% higher, and the S&P 500 advanced 0.95% on Friday.

While investors reacted positively to the inflation reading on Friday, the latter has also marked the largest annual increase in consumer prices in about 40 years.

Stocks across the Asian markets rose on Monday, as investors are now tracking a series of central bank meetings lined up in the week, as Omicron continues to remain a concern. 

MSCI's broadest index of Asia Pacific shares outside Japan was trading 0.76% lower at 8:10 am on Monday, while Japan’s Nikkei 225 was up 0.93%.

At the same time, South Korea's KOSPI was trading 0.72% higher, and China's Shanghai Composite was up 0.78%.

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  • Mitali Praveen @Mitali Praveen
    that was informative.. thank you
    Like 1
  • Mitali Praveen @Mitali Praveen
    that was informative.. thank you
    Like 0
    • N S Singh @N S Singh
      SGX nifty selling pressure
      Like 0
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