SGX Nifty is a derivative of National Stock Exchange’s Nifty index and trades officially on Singapore Stock Exchange (SGX). SGX Nifty thus moves with respect to Nifty50. The index opens at 8:00 AM Singapore time on all working days and suggests the initial direction of Indian stock market.While Nifty trades for 6.5 hours on NSE from 9:00 AM to 3:30 PM (IST), SGX Nifty Futures trade for 16 hours from 6.30 AM to 11.30 PM (IST). Since SGX Nifty trades for longer hours, it can capture global trends even when Indian markets are closed for trade.It is an attractive product for foreign investors, who want to take a position in Indian stock market, but do not want to register with Indian authorities. The index is also popular among hedge funds that are exposed to Indian market.The index is considered as a good indicator to know how Indian market will open on a day. A lot of traders follow it to predict the direction of Indian stock market. Intraday traders can take long or short positions in Indian stock market depending on the movement in SGX Nifty.
Asian stocks opened sharply lower on Friday following a steep rise in benchmark US Treasury yields. Australia's S&P/ASX 200 fell 2 per cent in early trade, on track for the biggest intraday percentage loss since January 28.
Asian stocks perked up on Thursday after US Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low, calming market fears that higher inflation might prompt the central bank to tighten the monetary spigot.
Asian equities opened lower on Wednesday on concerns about rising interest rates and rich equity valuations and following a downdraft in US and European overnight trading.
Asian stocks dipped on Tuesday as rising US Treasury yields and inflation prospects led to a further rotation out of the big tech stocks responsible for a major Wall Street rally during the pandemic.
Asian share markets inched higher on Monday as expectations for faster economic growth and inflation globally batter bonds and boost commodities, though rising real yields also make equity valuations look more stretched in comparison.
Asian stocks fell on Friday, following a dip on Wall Street as disappointing US jobs data fanned concerns the economic recovery. Australia's S&P/ASX 200 fell 0.49 per cent, while Japan's Nikkei225 lost 0.89 per cent. Hong Kong's Hang Seng index declined 0.44 per cent.
Asian markets were trading lower in Thursday's trade as lingering pandemic concerns pushed against stronger economic data, and with little firm direction from Wall Street.
Asian markets open on a negative note Wednesday, as investors juggle the prospects for an economic comeback and additional stimulus with continued pandemic concerns.
Japan's Nikkei rose 1.25 per cent to 30,460.16. Hong Kong's Hang Seng advanced 1.64 per cent to 30,668.39. Korea's Kospi added 0.6 per cent to 3,165.06 . Financial markets in China and Taiwan are closed on Tuesday for public holidays.
Asian shares advanced to record highs on Monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington.
In early trading on Friday global markets were holding steady or slipping a bit as investors looked over mixed data and watched for the next catalyst.
Stocks were flat in early trading in Asia on Thursday as investors kept tapping the brakes on runs in asset prices after taking in tepid U.S. inflation data and comments from the Federal Reserve chief affirming the outlook for a slow recovery.
Asian stocks edged higher on Wednesday, as upbeat Wall Street earnings and optimism about a global recovery supported sentiment, although concerns about the sustainability of a recent risk rally are likely to cap gains.
Japan's Nikkei 225 rose 0.24 per cent, Korea's Kospi climbed 0.8 per cent, Hong Kong's Hang Seng edged 0.02 per cent higher while China's Shanghai Composite added 0.04 per cent in early trade.
Asian shares hovered near record highs on Monday on hopes a $1.9 trillion Covid-19 aid package will be passed by US lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally.
Asian stocks pushed higher this morning after their US peers climbed to a record on signs the labor market is healing. Shares rose in Japan, South Korea and Australia.
A three-day rally in global stocks faded on Thursday as Asian shares retreated.
Most Asian stocks rose on Wednesday, extending a global rally amid a slew of corporate earnings and a crumbling of the retail trading frenzy that fueled swings in heavily shorted shares.
Asian markets opened higher on Tuesday as global markets faced another chaotic week, with retail investors expanding their duel with Wall Street into commodities and driving up the price of silver.
Asian shares rose on Monday, shrugging off a selloff in US stocks on Friday. Stocks jumped despite worries that problems with vaccine rollouts combined with new strains of COVID-19 will delay a global economic recovery.
Asian stocks rose on Friday after US shares rallied and the dollar eased overnight, as fears of social-media driven hedge fund selling abated and the US earnings season got off to a strong start.
Asian stocks skidded on Thursday following a sharp Wall Street decline amid deepening concerns about stretched valuations in equities markets, while the dollar and bonds strengthened.
Asian equities rose on Wednesday, bouncing back from a steep sell-off on Tuesday. Japan's Nikkei added 0.48 per cent to 28,683.63. Korea's Kospi climbed 1.01 per cent to 3,171.96. Hong Kong's Hang Seng added 0.6 per cent to 29,568.71. China's Shanghai Composite index rose 0.16 per cent to 3,575.25.
Asian shares gained despite rising Covid cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite.
Asian stocks opened on a negative note on Friday. Australia's ASX200 index fell 0.08 per cent in early trade. Nikkei dropped 0.36 per cent to 28,652.51.
Asian markets rose on Thursday after US stocks closed at record highs on hopes that newly inaugurated U.S. President Joe Biden would put in place further economic stimulus to offset damage wreaked by the COVID-19 pandemic.
US Treasury Secretary nominee Janet Yellen's push for a sizable fiscal relief package in response to the Covid-19 pandemic could not lift Asian markets that fell despite overnight rise on US indices.
Asian share markets edged ahead on Tuesday as investors wagered China's economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West.
Asian share markets retreated from highs on Monday as disappointing news on US consumer spending tempered risk sentiment ahead of a reading on the Chinese economy.
Asian shares rose on Friday, brushing off a late Wall Street dip as expectations of large US stimulus under President-elect Joe Biden shored up sentiment while oil prices perked up on upbeat Chinese trade figures.
Asian equities made early trading gains on Thursday after a mixed session Wall Street buoyed by expectations of a US stimulus package even as political events in Washington culminated in the impeachment of President Donald Trump.
Asian stocks traded mostly higher on Wednesday, tracking modest Wall Street gains as prospects of an eventual victory against coronavirus shored up recovery hopes. Japan's Nikkei 225 rose 0.11 per cent while South Korea's Kospi gained 0.64 per cent higher. Hong Kong's Hang Seng Index edged up 0.12 per cent.
Asian stocks were mostly lower on Tuesday, tracking Wall Street declines as political turmoil in Washington and rising coronavirus cases worldwide weighed on sentiment ahead of the start of the quarterly earnings season.
Here are a few stocks which may buzz the most in today's trade.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat. Japan's Nikkei was closed for a holiday after closing at a 30-year high on Friday.
Asian stocks open higher on Friday, with Japan hitting a three-decade high as investors looked beyond rising coronavirus cases and political unrest in the United States and bet on an economic recovery later in the year.
Asian stocks perked up on Thursday as investors remained confident that violence in Washington would not disrupt a legitimate transition to a new presidency or derail political support for a US economic recovery.
Asian stocks were mixed on Wednesday as investors anxiously awaited results of US runoff elections that would determine the legislative balance of power in the world's largest economy while oil prices rose on news of planned output cuts.
Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming US President Joe Biden's economic policies.
Asian share markets hit pause on Monday as reports of a possible tightening in coronavirus emergency rules for Tokyo pulled Japanese stocks off 30-year highs, while also lifting the safe-haven yen.
Asian shares are set to end a tumultuous 2020 by hovering near record highs on Thursday, buoyed by hopes that COVID-19 vaccine rollouts will help the world beat the pandemic.
Asian shares retreated as investors cashed in on a recent rally, while the euro flirted with highs not seen in more than 2-1/2 years on as hopes of a gradual global economic recovery supported demand for riskier currencies.
Nifty50 rose for the fourth straight session on Monday. The index formed a small bullish candle on the daily chart and continued to form higher highs and lows for the third session in a row.
Global shares ticked up on Monday on reports US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign. US S&P futures last traded up 0.4 per cent. Japan's Nikkei inched up 0.4 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent.
Asian shares gained ahead of the Christmas break, as global investors cheered a potential Brexit deal and economic recovery prospects, largely ignoring US President Donald Trump's threat to veto a long-awaited COVID aid package.
After the wild swings seen by the Nifty-50 index, the benchmark has created a Bullish Harami kind of pattern on the daily chart, indicating a likely continuation of the bullish sentiment, but analysts said it was too early to confirm a trend.
The 50-share pack Nifty formed a big red candlestick formation on a daily chart as it erased the gains of the last 11 days. Nifty may be on the cusp of a reversal after the Nifty-50 snapped a six-session winning streak and tumbled more than 400 points on Monday, but analysts said they would wait for more evidence to confirm the same.
Asian stocks fell on Monday, as investor mood in the region shifted with uncertainty on US economic stimulus. Nikkei was the biggest loser, down over half a per cent while Kospi and Singapore also traded in the red, China and Indonesia were in the green.
Nifty50 climbed for the fifth session on Thursday and closed above the 13,700 mark, a day after breaking out of a crucial resistance level.
Nifty50 advanced on Wednesday, as intraday selling triggered brisk buying, as was the case in the recent sessions. The index formed a small bullish candle on the daily chart after forming indecisive Dojis for four consecutive days.
Nifty50 on Tuesday tested its immediate support range at 13,450-470, before recovering and closing in the black. With this, the index formed an indecisive Doji candle on the daily chart for the fourth consecutive day.
Nifty futures on the Singapore Exchange traded 31 points, or 0.23 per cent, lower at 13,560.50, in signs that Dalal Street was headed for a negative start on Tuesday.
Stocks started a busy week with guarded gains as investors gauged the chance of added US stimulus. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent.
Nifty50 on Thursday recovered from a strong support at 13,400 level and closed nearly where it had opened, thus forming an indecisive Doji candle on the daily chart. That said, the index negated the higher highs and lows that it had been making in last eight sessions.
The 14-day relative strength index (RSI) stood at 77.78 at the end of the day, suggesting that the index is in the overbought territory. Analysts are a bit cautious, but said there are no signs of weakness on the technical charts. They predict further gains ahead.
Nifty50 on Tuesday breached the 13,400 level on an intraday basis but could not sustain the gains. Buying was seen later at lows, as the index ended almost where it had opened, thereby forming an indecisive Doji on the daily chart.
Nifty50 on Monday topped 13,350 level as it took its recent gains to the fifth day in a row. The index formed a bullish candle on the daily chart and made higher high higher low for the sixth straight day. Analysts said the index closing above 13,350 is a positive sign and that the NSE barometer has the potential to touch 13,500 level in the short run.
Nifty50 on Friday took out the 13,250 level for the first time, and ended up forming a bullish candle on the both daily and weekly charts. The index formed higher highs and lows for the fifth session in a row, signalling a bullish bias. It needs to hold above 13,100 level to witness a bounce towards 13,400 level, said Chandan Taparia of Motilal Oswal Securities
The index formed a bearish candle on the daily chart that resembled a ‘Bearish Belt Hold’ pattern as it saw selling from the word go, before recovering some ground at the end. Such a formation, following a Dragonfly Doji pattern in the previous session, suggested that the bears were getting the upper hand.
Nifty50 tested the 13,000 level on Wednesday, before rebounding and closing in the black. The index formed a Dragonfly Doji pattern on the daily chart, suggesting a balance of power between the bulls and the bears.
Nifty50 closed near its all-time high of 13,145 level on Tuesday. The index formed a bullish candle on the daily chart, which resembled a Hanging Man candle. It also formed a higher high and low for the second straight session. That said, analysts believe a decisive bounce is unlikely for the index unless it takes out the 13,250 level.
Nifty50 on Friday formed a bearish candle on the daily chart and an indecisive Doji on the weekly chart. The day saw the NSE barometer facing resistance above the psychological mark of 13,000, which has been the case for the past couple of sessions now. Analysts largely see 12,750-13,150 as the range for the index for the coming week. A break above this range can offer directional cues, they said.
Nifty50 on Thursday tested 12,800, before rebounding amid the expiry of November series futures and options contracts. At close, the index failed to top the 13,000 level by a whisker, but ended up forming a bullish candle on the daily chart and an indecisive ‘Doji’ candle on the weekly scale.
Nifty50 saw steep selling pressure after hitting a record high on Wednesday, as the index ended up forming a 'Bearish Engulfing' candle on the daily chart. For now, any recovery on the index will be vulnerable to selloffs, said analysts. Chandan Taparia of Motilal Oswal Securities said that the index needs to hold above 12,850-12,900 to make an attempt for 13,000 level.
Nifty50 on Tuesday broke above the crucial resistance of 13,000-mark with ease. The index formed a bullish candle on the daily chart. Analysts said the bulls seem to be in no mood to give in. They believe the index could flirt with the 13,350 level in the coming days.
Nifty50 on Monday formed a ‘Hanging Man’ candle on the daily chart. In the last nine sessions, the index appears to be struggling at the upper boundary of the 45-day-old ascending channel, which coincides with the psychological mark at 13,000 level. Analysts said the index has strong support at 12,800 level and a move above 13,000 level could bring in further upside.
Nifty50 on Friday formed a Hammer-like candle on the daily chart and a Spinning Top on the weekly chart. Analysts said the index traded largely in a range during the week, and Friday’s gains from day’s lows suggested a consolidation ahead.
Analysts said the index was facing tough resistance in the 12,900-950 range and the formation of this candle after a couple of Hanging Man patterns suggests weakness ahead. The 12,600 level looks likely, they said. On the upside, Nifty50 has a hurdle at 12,900 level, they said.
Analysts said there are no sell signals on the technical charts and the index has potential to take out the 13,000 level in the short term. They noted that the index has been making higher lows for a couple of sessions and support for the NSE barometer has shifted upward to 12,800 level.
Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said the 12,850-12,900 range will now be the make-or-break area in the short term. “An inability to generate further strength could result in minor weakness from the high in the next 1-2 sessions. A decisive move above this hurdle can open the next upside target of 13,500 over the next couple of weeks," he said.
Nifty50 on Friday saw buying at the day’s low level before eventually ending the day higher. The index formed a small bullish candle on the daily chart. Analysts said the index is moving sideways and any rise towards the 12,900 level could attract selling pressure.
Stocks in Asia were poised to pull back after markets in the United States and Europe sold off on concerns over rising coronavirus infections. Australian S&P/ASX 200 shares dipped 0.12 per cent in early trading.
Nifty50 climbed for the eighth straight session on Wednesday, but in the process formed a ‘Hanging Man’ candle on the daily chart. This was the second straight session, when the index formed such a pattern that has the connotation of the trend reversal if confirmed by selling pressure in the next session. Already, the index is in the overbought territory, which has made analysts turn cautious on the ongoing rally.
Even as the index has risen for seven straight sessions, there are chances that the index may scale towards 12,850 level. That said, the short-term rally has reached a mature stage and a minor correction cannot be ruled out, said analysts.
Rising for the sixth consecutive session, Nifty50 hit a record closing high on Monday. The index formed a bullish candle on the daily chart for the fifth session in a row and also the fifth day when the index formed a higher high and low. With this, the NSE barometer has reached the overbought zone. But analysts said further upside on the index is still possible.
The bulls continued their march on Dalal Street and helped benchmark Nifty50 register positive close for the fifth session in a row on Friday. In the process, the index ended up forming a strong bullish candle with an intra-week range of over 700 points. Analysts said the index can now hit a new lifetime high over the next few sessions.
After opening at 12,120 level, Nifty touched an intraday high and low of 12,131 and 12,027, respectively, before settling 1.78 per cent, or nearly 212 points, higher at 12,120. In the process, the index formed a ‘Rising Window’ candlestick pattern on the daily chart.
Asian stocks joined a global buying on Thursday as Wall Street stocks powered higher Wednesday, shrugging off uncertainty over the still-unresolved US presidential election and embracing the positives of the likelihood of divided government in Washington.
Nifty50, which has been seeing buying at lower levels for a couple of sessions, rallied over 1 per cent on Tuesday, and formed a long bullish candle on the daily charts. Analysts said the index may attempt to reclaim the 11,900-11,950 range or go higher in the coming sessions.
Nifty futures on the Singapore Exchange traded 70.50 points, or 0.60 per cent higher at 11,740, in signs that Dalal Street was headed for a positive start on Tuesday.
Nifty futures on the Singapore Exchange traded 38.5 points, or 0.33 per cent higher at 11,673.50, in signs that Dalal Street was headed for a positive start on Monday.
Nifty futures on the Singapore Exchange traded 16.5 points, or 0.14 per cent, lower at 11,648.50, in signs that Dalal Street was headed for a negative start on Friday.
Nifty futures on the Singapore Exchange traded 72 points, or 0.61 per cent, lower at 11,660.50, in signs that Dalal Street was headed for a negative start on Thursday.
Nifty futures on the Singapore Exchange traded 37.50 points, or 0.32 per cent, lower at 11,850, in signs that Dalal Street was headed for a negative start on Wednesday.
Nifty futures on the Singapore Exchange traded 46 points, or 0.39 per cent, higher at 11,820, in signs that Dalal Street was headed for a positive start on Tuesday.
Asian shares got off to a cautious start on Monday as surging coronavirus cases in Europe and the United states threaten the economic outlook, even as growth in China provides some support to Asia.
Nifty futures on the Singapore Exchange traded 10 points, or 0.08 per cent, lower at 11,882.50, in signs that Dalal Street was headed for a muted start on Friday.
Nifty futures on the Singapore Exchange traded 20.60 points, or 0.17 per cent lower at 11,908.80, in signs that Dalal Street was headed for a negative start on Thursday.
Nifty futures on the Singapore Exchange traded 24 points, or 0.36 per cent higher at 11,931.50, in signs that Dalal Street was headed for a positive start on Wednesday.
Analysts said the index did not see a followup drop following Thursday’s selloff, which is a sign of relief. But they feel the index remains vulnerable to selling pressure. The 11,900-926 range could pose immediate resistance for the index, they said.
Nifty futures on the Singapore Exchange traded 66.5 points, or 0.56 per cent higher at 11,838.50, in signs that Dalal Street was headed for a positive start on Monday.
Nifty futures on the Singapore Exchange traded 66.5 points, or 0.57 per cent higher at 11,761.50, in signs that Dalal Street was headed for a positive start on Friday.
Nifty futures on the Singapore Exchange traded 30.50 points, or 0.25 per cent higher at 11,992.50, in signs that Dalal Street was headed for a positive start on Thursday.
Nifty futures on the Singapore Exchange traded 61 points, or 0.51 per cent lower at 11,880, in signs that Dalal Street was headed for a negative start on Wednesday.
Nifty futures on the Singapore Exchange traded 30 points, or 0.25 per cent lower at 11,938, in signs that Dalal Street was headed for a negative start on Tuesday.
Despite having recovered strongly from a low point at 10,800 in the last few sessions, the index is not showing any major sign of fatigue. Nifty formed a bullish candle on the daily chart, negating Thursday's indecisive Doji candle. It showed the bulls are in no mood to give in yet.
Nifty futures on the Singapore Exchange traded 21 points, or 0.18 per cent higher at 11,870, in signs that Dalal Street was headed for a positive start on Friday.
Nifty futures on the Singapore Exchange traded 9.5 points, or 0.08 per cent higher at 11,803.50, in signs that Dalal Street was headed for a flat start on Thursday.
Nifty futures on the Singapore Exchange traded 7 points, or 0.06 per cent higher at 11,682, in signs that Dalal Street was headed for a flat start on Wednesday.
Nifty futures on the Singapore Exchange traded 32 points higher at 11,538, in signs that Dalal Street was headed for a positive start on Tuesday.