SGX Nifty, Dow Futures Trade Flat Ahead of D-Street’s Opening

  • Stock Market News
SGX Nifty, Dow Futures Trade Flat Ahead of D-Street’s Opening
Credit: © Reuters.

By Malvika Gurung -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.06% or 11 points higher at 8:53 am on Tuesday, indicating a flat-to-positive opening on Dalal Street. 

Further, the Dow Jones Futures dropped 0.08% and Nasdaq 100 Futures slipped 0.23%.

Major US indices ended mixed on Monday as market heavyweights exerted pressure, while investors awaited earnings results of major tech giants. Mega-cap stocks like Tesla (NASDAQ: TSLA ) and Microsoft (NASDAQ: MSFT ) dragged the benchmark S&P 500 , followed by Inc (NASDAQ: AMZN ).

Nasdaq Composite declined 0.29%, Dow Jones climbed 0.2% and S&P 500 gained 0.09%.

Asian markets traded mostly lower on Tuesday, while the US dollar also weakened in early trade as investors remained cautious ahead of corporate earnings and economic results due today. 

Bank of Japan is set to release the core CPI (YoY) for Japan at 10:30 am on Tuesday, April 25.

At 8:54 am, South Korea’s KOSPI plunged 1.5%, Japan’s Nikkei 225 rose 0.4%, China’s Shanghai Composite traded flat, Hong Kong’s Hang Seng index slumped 1.3%.

Markets in Australia and New Zealand are closed on account of ANZAC Day.

Oil prices rose in early trade on Tuesday thanks to a weaker dollar, but gave up most gains and now appear muted at 9 am, as oil contracts Brent crude advanced 0.05% to $82.57/barrel and WTI Futures climbed to $78.83 a barrel. Natural Gas Futures declined 0.61%.

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