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Indian stock markets set for a firm start on global cues

By Vinu Lal

03:05, 9 December 2021

Digital display of a stock market chart
SGX Nifty futures index was trading up 0.30% – Photo: Shutterstock

Indian stock indices are poised to open trading on Thursday on a positive note as global equities staged a strong trend overcoming new Omicron fears.

Asia Pacific regions opened trade on a firm note as investors assessed risks associated with the virus variant. SGX Nifty futures index, which represents Indian stocks, was trading up 0.30% during Thursday morning trades at the Singapore Stock Exchange echoing similar trends.

“The banking space could continue to lead the momentum as the Bank Nifty index has seen good interest from its daily moving average support,” Ruchit Jain, Trading Strategist, at


147.19 Price
-0.020% 1D Chg, %
Long position overnight fee 0.0112%
Short position overnight fee -0.0194%
Overnight fee time 22:00 (UTC)
Spread 0.010


1.26 Price
-0.300% 1D Chg, %
Long position overnight fee -0.0046%
Short position overnight fee -0.0036%
Overnight fee time 22:00 (UTC)
Spread 0.00013


0.66 Price
-1.010% 1D Chg, %
Long position overnight fee -0.0074%
Short position overnight fee -0.0008%
Overnight fee time 22:00 (UTC)
Spread 0.00006


0.66 Price
-1.010% 1D Chg, %
Long position overnight fee -0.0074%
Short position overnight fee -0.0008%
Overnight fee time 22:00 (UTC)
Spread 0.00006

Nagaraj Shetti, technical research analyst, HDFC Securities said, “the up-move of the last two sessions has erased the negative sentiment created by last Friday and this Monday. This is a positive indication for the short term. A decisive move above 17550-17600 levels could open further sharp upside towards the 18K mark in a quick period of time.”

Wall Street indices closed slightly higher on Wednesday, posting gains for a third consecutive trading session after new data indicated the effectiveness of vaccines against the new coronavirus variant. Dow Jones Industrial Average rose 0.1%, S&P 500 gained 0.31% on Wednesday.

Things to note before trade

  • HCL Technologies and Deutsche Apotheker-und Ärztebank eG (apoBank) - the largest cooperative primary bank in Germany - have signed an agreement to acquire IT consulting company Gesellschaft für Banksysteme GmbH (gbs).
  • Infosys is expanding its presence in Ireland, creating 250 jobs locally
  • United Breweries has approached the appellate tribunal against the penalty imposed on the company by the fair trade regulator Competition Commission of India
  • Indiabulls Housing Finance to open a public issue of bonds on Thursday to raise up to INR10bn ($132.5m)

Read More: Interest rates in India likely to stay stable until March, say leading economists

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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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