Indian stocks look firm on cues from SGX Nifty futures
By Vinu Lal
03:13, 16 November 2021
Indian stock indices look to open on a firm note on Tuesday morning following cues from SGX Nifty trading on the Singapore Stock Exchange.
The index that represents Indian stocks, were trading up 0.20% up on morning trades even as it lost a bit of its ground through the morning session.
Asian indices opened mixed with almost all regions opening strongly except for Australia where its apex bank released minutes from its recent monetary policy meeting which gave strong indications of potential risks of inflation in the Asian economy.
Wall Street indices on Monday remained flat as jacked up treasury yields impacted the relief rally from technology stocks. Dow lost 0.04%, S&P 500 0.05% and Nasdaq 0.04%.
Things to note before trade
- Debt-ridden telecom operator Vodafone Idea evaluating options of converting interest dues arising out of the deferment of statutory payments into equity
- Automotive manufacturer Ashok Leyland is working on hydrogen-powered commercial vehicles and a team is currently engaged in developing them
- Apollo Tyres increased prices in the domestic market in the third quarter of this fiscal to offset the impact of rising commodity prices
- Fruit and vegetable canning company Foods & Inns obtain approval from the National Stock Exchange for listing its equity shares
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