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Indian stocks set for a firm start as Asia opens mixed

By Vinu Lal

03:14, 18 January 2022

Display of Stock market quotes with city scene reflect on glass
SGX Nifty futures trading with marginal gains – Photo: Shutterstock

Indian stock markets are heading for a firm beginning on Friday, riding on Asian cues, with Hong Kong and Japan opening in the positive territory after several sessions of losses.

Statistics on Chinese economic recovery cheered the markets across Asia as optimism on economic recovery returned, although investors remain on edge over central banks’ monetary policies.

SGX Nifty futures index, which represents Indian stocks, was trading with marginal gains in Tuesday morning trade with marginal gains of 0.08%. 

Wall Street would resume trade on Tuesday after the Martin Luther King Day holiday. Investors would watch out for US bond yields after the two-year yields rose above 1% for the first time since February 2020.


1.26 Price
-0.080% 1D Chg, %
Long position overnight fee -0.0046%
Short position overnight fee -0.0036%
Overnight fee time 22:00 (UTC)
Spread 0.00013


146.98 Price
-0.150% 1D Chg, %
Long position overnight fee 0.0112%
Short position overnight fee -0.0194%
Overnight fee time 22:00 (UTC)
Spread 0.010


1.08 Price
-0.170% 1D Chg, %
Long position overnight fee -0.0080%
Short position overnight fee -0.0003%
Overnight fee time 22:00 (UTC)
Spread 0.00006


0.66 Price
-0.930% 1D Chg, %
Long position overnight fee -0.0074%
Short position overnight fee -0.0008%
Overnight fee time 22:00 (UTC)
Spread 0.00006

Analysts speak

“Markets are currently witnessing time-wise correction and likely to resume the trend soon. Meanwhile, participants should focus more on risk management citing a rise in volatility due to the earnings,” said Ajit Mishra, vice president-research at Religare Broking.

“We reiterate our preference for IT (information technology), metal, realty and pharma pack while banking may see further consolidation,” Mishra added.

“18164-18342 seems to be the range for the Nifty in the near term,” said Deepak Jasani, head of retail research at HDFC Securities.

  • Things to note before trade

  • Key stocks to declare results today: Bajaj Finance, L&T Tech and Tata Elxsi
  • One97 Communication’s Paytm Payments Bank – the lending arm of the company – said it registered an 11.33% rise in FASTags, online road toll payment facility.
  • Tata Power Renewable Energy has commissioned two solar power projects of 50MW each in Uttar Pradesh
  • Brokerage firm Angel One reported a 125% on-year growth in consolidated net profit for the December quarter
  • German engineering and technology firm Bosch has appointed Karin Gilges as its chief financial officer
  • Prestige Estates reported over two-fold jump in sales bookings for the quarter ended December

Read more: Walmart (WMT) signals plans to develop crypto, NFTs

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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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