Nifty’s Opening Cues: SGX Nifty, Dow Futures, Asian Trade, US Market & More
By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.05% or 9.5 points lower at 8:40 am on Friday, indicating a flat opening on Dalal Street.
Further, the Dow Jones Futures gained 0.14% and Nasdaq 100 Futures rose 0.3%.
Major indices in the US rose on Thursday, led by a strong run in technology stocks, extending their recent gains, while banking shares declined as the Biden administration proposed stricter rules and measures to strengthen mid-sized US banks and help reduce risk.
Nasdaq Composite jumped 0.73%, Dow Jones gained 0.43% and S&P 500 surged 0.57%.
Asian markets rose sharply on Friday and bonds marked their best month since 2008, following an overnight upswing on Wall Street, while investors omitted concerns of further banking turmoil.
However, markets remained cautious following a higher-than-expected German CPI , adding pressure on the European Central Bank to further tighten monetary policy.
China’s manufacturing PMI slowed in March amid some resilience in local demand and continued momentum from the lifting of anti-COVID measures.
At 8:35 am, South Korea’s KOSPI and Japan’s Nikkei 225 surged 1% each, China’s Shanghai Composite climbed 0.17%, Hong Kong’s Hang Seng jumped 1.01%, and Australia's ASX 200 rose 0.73%.
Oil prices slipped on Friday, as Chinese business activity data offered mixed economic cues on the world’s largest crude importer, while markets also awaited fresh direction from an OPEC meeting next week, stated an Investing.com report.
Brent crude dipped to $78.4/barrel and WTI Futures slipped to $74.28 a barrel. Natural Gas Futures traded flat.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Indian Markets look bullish, however it seems this is a cue to a bigger fall in the coming days.Like 1
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or