Here’s How Nifty Could Open on Jan 18; SGX Nifty Futures Trades Flat

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Here’s How Nifty Could Open on Jan 18; SGX Nifty Futures Trades Flat

By Malvika Gurung -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was found trading 0.06% lower at 8:17 am on Tuesday, tracking mixed global cues and indicating Dalal Street to open on a flat-to-cautious note. At the same time, the Dow Jones Futures was trading flat.

The Indian equity benchmarks, Nifty50 and the 30-scrip BSE Sensex ended a volatile session with marginal gains, up 0.29% and 0.14%, respectively, recouping opening losses, led by auto, realty and oil & gas stocks, while financial and pharma scrips remained under pressure.

Market experts expect Dalal Street to witness stock-specific movements in the upcoming sessions, with activity going on in the midcap and smallcap segments, states a report.

The European markets rose on Monday, rebounding from Friday’s losses amid investors focusing on the mixed economic data released by China, while the US Fed prepares for its meeting scheduled next week.

Stocks across the Asian markets opened high on Tuesday despite the looming concern around the interest rate hikes in the US to curb rising inflation. The US market remained closed on Monday, on account of Martin Luther King Day.

At 8:15 am on Tuesday, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.27%, and South Korea's KOSPI tumbled 0.22%, while Japan’s Nikkei 225 gained 0.85%. 

At the same time, Hong Kong’s Hang Seng Index climbed 0.85%, and China's Shanghai Composite was up 0.6%.

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