Factors that Will Affect Dalal Street’s Opening on Dec 6

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Factors that Will Affect Dalal Street’s Opening on Dec 6
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 marginally higher at 0.2% at 8:05 am on Monday, indicating Dalal Street to open at a positive note today. At the same time, the Dow Jones Futures was trading 0.63% higher.

The three major indices of Wall Street closed in red on Friday’s session, with the technology-heavy Nasdaq Composite leading the fall, declining 1.92% or 295.85 points, Dow Jones declining 0.17% or 59.71 points, and the S&P 500 falling by 0.84% or 38.67 points.

A mixed U.S. jobs report did not waver the investor’s expectation of slowing the Federal Reserve's withdrawal of support, while concerns grew around the Omicron variant of coronavirus. The three indices declined for a week amid Powell’s comments and Omicron’s expectations. Additionally, about one-third of U.S. states have been reporting cases detected of the Omicron variant.

Asian markets opened on mixed cues, with MSCI All Country Asia Pacific ex Japan of Asia Pacific shares outside Japan trading 0.88% lower at 8:00 am on Monday, and Japan’s Nikkei 225 0.72% lower.

At the same time, China's Shanghai Composite was trading 0.3% higher, and South Korea's KOSPI 0.1% higher.

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100
  • Rakesh Prasad @Rakesh Prasad
    Fkkk FII
    Like 0
  • Omprakash Mulchandani @Omprakash Mulchandani
    Seems market will show sinusoidal behaviour over the previous Nifty close line.
    Like 0
  • Nasir Ahmed @Nasir Ahmed
    Positivity is the way forward
    Like 0
  • Prasant Tripathi @Prasant Tripathi
    very good news
    Like 1

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