Indian stocks look ahead for a firm start, Asia opens mixed
By Vinu Lal
03:10, 22 November 2021
Indian stock indices look to start trading on a positive note on Monday even as several key Asian markets opened weak during morning trades.
SGX Nifty futures index, which represents Indian stocks, are holding ground on the Singapore Stock Exchange, up 0.15%, bucking emerging trends elsewhere in Asia.
Hong Kong and Japan opened with minor losses on Monday morning following Wall Street cues, which closed lower amidst high volatility.
The US equities, however, had some respite from technology counters with Nasdaq moving to another record high on better corporate performance from big technology stocks.
Dow shed 0.75% and S&P 500 fell 0.14% while Nasdaq rose 0.40% last Friday.
Key things to note before trade
- One97 Communications, known for Paytm, said its merchandise value spiked 131% to $11.2bn in October as against the corresponding period last year
- Reliance Industries is reviewing its proposed deal to sell 20% interest in its oil refinery and petrochemicals business to Saudi Aramco, taking into account the new business environment
- India’s most successful IPO, Latent View Analytics, which was oversubscribed 338 times, will start its trading today
- The Supreme Court has permitted Vedanta to divest its complete stake in Hindustan Zinc in the open market
Read More: Economic preview: US growth and inflation provide policy clues
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