SGX Nifty Dips Amid Global Cues, Infosys Q4 Ahead

  • Stock Market News
SGX Nifty Dips Amid Global Cues, Infosys Q4 Ahead
Credit: © Reuters.

By Malvika Gurung -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.11% or 20.5 points lower at 8:38 am on Thursday, indicating a flat or slightly lower opening on Dalal Street.

Further, the Dow Jones Futures traded flat while Nasdaq 100 Futures advanced 0.13%.

The session on Thursday will witness the release of IT bellwether Infosys ' (NS: INFY ) March 2023 quarterly earnings report, along with the US initial jobless claims data at 6 pm in the day.

Read Also: US, India CPI, FOMC Minutes: Economic Events in Busy Holiday-Curtailed Week

Major indices on Wall Street slid on Wednesday following concerns regarding the banking liquidity crisis among several FOMC members at the Fed’s minutes from the March policy meet.

Nasdaq Composite fell 0.85%, Dow Jones dropped 0.11% and S&P 500 declined 0.41%.

At 8:48 am, South Korea’s KOSPI climbed 0.18%, Japan’s Nikkei 225 traded flat with a positive bias, China’s Shanghai Composite remained flat, Hong Kong’s Hang Seng index declined 0.91% and Australia’s ASX 200 dipped 0.26%.

Oil prices dropped on Thursday, with Brent crude declining 0.25% to $87.11/barrel and WTI Futures trading at $83.1 a barrel. Natural Gas Futures fell 0.53%.

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