Dalal St Likely to Open in Green; Factors Affecting Nifty50 on Dec 9

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Dalal St Likely to Open in Green; Factors Affecting Nifty50 on Dec 9

By Malvika Gurung

Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was found trading 0.31% higher at 8:13 am on Thursday, indicating Dalal Street to open a positive note, tracking gains across the global markets. At the same time, the Dow Jones Futures was up 0.02%.

The three major indices of Wall Street ended Tuesday's session at a slightly higher note, with the Nasdaq Composite closing 0.64% high, Dow Jones gaining 0.1%, and the S&P 500 gaining 0.31%.

The gains on Wall Street were led mainly by technology companies, while communications, healthcare and travel stocks also made good gains. Despite a fresh update that BioNTech and Pfizer’s vaccines provided some immunity against the Omicron variant of the coronavirus, its escalating nature kept investors from making big bets.

Tracking positive cues on Wall Street, the stocks across Asian markets inched on Thursday. MSCI All-Country World Equity Index was trading 0.77% higher at 8:14 am, while Japan’s Nikkei 225 was down 0.13%.

At the same time, South Korea's KOSPI was trading 0.31% higher, and China's Shanghai Composite 0.71% higher.

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