Indian stocks look at a promising start as SGX Nifty recovers
By Vinu Lal
02:00, 6 October 2021
Indian shares look at a firm opening as SGX Nifty futures, trading on Singapore Stock Exchange, recovered smartly from early losses on Wednesday.
Asian stock markets are also offering support to the upbeat mood in markets as Hong Kong and Japan traded firmly during early hours on Wednesday.
Equity markets globally rallied on Tuesday as American and European technology and bank stocks rebounded ahead of US jobs data and Federal Reserve’s next move on tapering. Dow gained 0.92%, S&P 500 1.05% and Nasdaq 1.25%.
Investors in the Indian market would also take comfort from Moody’s Tuesday move to upgrade India outlook to stable from negative, categorically making it clear that downside risks in Asia’s third-largest economy have been reduced.
Key things to note before trade
Bharti Airtel said they successfully conducted India’s first 5G trials in a rural location
National Company Law Tribunal directs Zee Entertainment Enterprises to submit a reply to a petition filed by minority shareholders Invesco and OFI Global China.
Sugar stocks are in focus as sugar mills exported a record 7.23 million tonnes for the 2020-21 marketing year
IDFC First Bank posted 9.75% advances growth for the quarter ended 30 September
Read More: US services sector activity up in September
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