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Downbeat Asian sentiments to weigh down on Indian shares

By Munikoti Rochan

02:35, 20 December 2021

A stock market chart
Downbeat regional sentiments are expected to weigh on Indian stock markets – Photo: Shutterstock

Downbeat regional sentiments are expected to weigh down on Indian stock markets, which seem to be headed for a weak opening on Monday.

The Nifty 50 Futures index, listed on the Singapore Exchange, was trading 0.83% lower to 16,878.50 points at 08:12 hours Indian time (UTC+5:30) on Monday, suggesting that Dalal Street will open on a weaker note.

Expert says tread cautiously

“…Over the coming days, the zone of 16,750-17,000 (points) will be a crucial zone for the NIFTY to defend,” according to Gemstone Equity Research and Advisory Services chief analyst Milan Vaishnav.

“In the present technical setup, it is strongly recommended to continue avoiding major exposures. All exposures should be kept modest; all downsides, if any, should be used to make very select purchases. While keeping exposures at very modest levels, a selective approach is advised for (20 December),” Vaishnav wrote in a note published on his firm’s website.

Things to note prior to trade

Real estate developer Shriram Properties will commence trading on the bourses on Monday. Prior to its initial public offering, the firm raised INR2.68bn ($35.2m) from 34 anchor investors, according to a regulatory update.

Brookfield India Real Estate Trust will host a conference call for shareholders at 12:00 hours local time on Monday, to discuss the proposed acquisition of Seaview Developers, which owns the Candor Techspace N2 special economic zone, located in northern India.


16,001.20 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 7.0


16,908.50 Price
-0.760% 1D Chg, %
Long position overnight fee -0.0261%
Short position overnight fee 0.0042%
Overnight fee time 22:00 (UTC)
Spread 30.0


36,260.80 Price
+0.920% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 11.0


4,596.80 Price
+0.710% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.7

Pharmaceutical major Cipla informed the bourses that it received the United States Food and Drug Administration's final approval for its Lanreotide injection, used to treat tumours in the pancreas and gut.

Meanwhile, restaurant aggregator Zomato announced that it has acquired a minority stake in Delhi-based BigFoot Retail Solutions.

Key US indices posted losses

American stocks finished lower last week amid a selling spree. For the week through 18 December, the Nasdaq Composite ended 2.4% lower, while the Dow and the S&P 500 were off over 1% each.

The selling frenzy on Wall Street started early on Thursday, a day after the US central bank sped up its “tapering” strategy and announced plans to raise interest rates.

Read more: Australia’s property boom may continue despite rate hike

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

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