Factors that Will Affect Dalal Street’s Opening on Dec 7

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Factors that Will Affect Dalal Street’s Opening on Dec 7
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 0.52% higher at 8:35 am on Tuesday, indicating Dalal Street to open a positive note today. At the same time, the Dow Jones Futures was trading 0.13% higher.

The three major indices of Wall Street closed higher on Monday’s session, with the technology-heavy Nasdaq Composite rising 0.93% or 139.68 points, Dow Jones gaining 1.87% or 646.95 points, and the S&P 500 gaining 1.17% or 53.24 points.

This was a result of economy-linked banks, travel-related stocks, and energy scrips surging, after sharp declines in the previous week, after positive comments by a top U.S. official on the Omicron variant. 

Stocks across Asian markets inched higher in early trade hours on Tuesday, due to a rally on Wall Street and China’s announcement to support the slow economic growth. MSCI's broadest index of Asia Pacific shares outside Japan was trading 0.89% lower at 8:35 am, and Japan’s Nikkei 225 1.27% higher.

At the same time, South Korea's KOSPI was trading 0.42% higher, and China's Shanghai Composite 0.12% lower.

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  • Pradyut Roy @Pradyut Roy
    The moment Fed will brief in mid of Dec, the strong Indian market will fall like a sand castle. If you see the 4 Hrs charts of nifty 50 you can see the point of rejections. When Fed will suddenly announce the rate hike, nifty will fall few consecutive session without any support. Be careful!!!!
    Like 0
  • Pradyut Roy @Pradyut Roy
    Wow!!! Some people making it appear like main concern is Omicron variant. Market fell down because of Omicron variant fears and now there is no fear of Omicron variant, but the main thing is still under the carper i.e. tapering and rate hike.
    Like 0

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