Nifty’s Opening Amid Mixed Cues from Global Mkts; SGX Nifty Futures Trades Flat

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Nifty’s Opening Amid Mixed Cues from Global Mkts; SGX Nifty Futures Trades Flat
Credit: © Reuters.

By Malvika Gurung -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was trading marginally higher at 0.04% at 8:35 am on Friday, following mixed global cues, indicating Dalal Street to have a muted opening. At the same time, the Dow Jones Futures was up 0.67%.

The three major indices of Wall Street ended lower on Thursday, erasing early gains made by financial and economy-sensitive stocks, as the session witnessed extreme volatility. 

Investors trod cautiously on receiving positive economic news, along with mixed corporate earnings, a day after the Fed indicated its hawkish stance to tighten monetary policies for curbing soaring inflation and political unrest between Russia and Ukraine.

Nasdaq Composite declined 1.4%, S&P 500 dropped 0.5%, and Dow Jones ended 0.02% lower.

Stocks across the Asian markets opened higher on Friday, after a volatile session on Wall Street led by US GDP data and Apple’s better-than-expected sales figure and strong earnings. 

At 8:32 am on Friday, MSCI's broadest index of Asia-Pacific shares outside Japan plunged 2.26%, while South Korea's KOSPI gained 0.87%, and Japan’s Nikkei 225 zoomed 2.1%.

At the same time, Hong Kong’s Hang Seng Index dropped 0.6%, and China's Shanghai Composite climbed 0.07%.

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