CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Indian stocks set for a flat start as Asia opens mixed

By Vinu Lal

03:03, 17 December 2021

Display of stock market numbers with defocused street lights in the background
SGX Nifty futures index in Singapore posted losses in early trade but recovered 0.05% – Photo: Shutterstock

Indian stock markets are heading for a flat beginning on Friday as Asia opened on a mixed note, with Hong Kong and Japan opening weak.

SGX Nifty futures index, which represents Indian stocks, posted losses during morning trade but recovered to cut losses and held its ground and was up 0.05% an hour before Indian markets opened.

Asian investors were seen responding to overnight losses from the US and trade curbs on China. Wall Street indices closed lower on Thursday as investors digested the ramifications of the US Federal Reserve’s decision for a speedier withdrawal of bond purchases even as pandemic concerns refused to die down. 

Dow Jones Industrial Average fell 0.08% while S&P 500 lost 0.87% on Thursday.


0.67 Price
+1.060% 1D Chg, %
Long position overnight fee -0.0073%
Short position overnight fee -0.0009%
Overnight fee time 22:00 (UTC)
Spread 0.00040


0.67 Price
+1.060% 1D Chg, %
Long position overnight fee -0.0073%
Short position overnight fee -0.0009%
Overnight fee time 22:00 (UTC)
Spread 0.00040


1.27 Price
+0.640% 1D Chg, %
Long position overnight fee -0.0046%
Short position overnight fee -0.0036%
Overnight fee time 22:00 (UTC)
Spread 0.00170


1.09 Price
-0.050% 1D Chg, %
Long position overnight fee -0.0080%
Short position overnight fee -0.0003%
Overnight fee time 22:00 (UTC)
Spread 0.00070

Ajit Mishra, vice-president-research at Religare Broking said, “As all the major events are over now, we feel the performance of the global markets would be critical in days to come. At the same time, we expect the buzz to continue in the primary market. Among the sectors, only the IT pack looks decisive to us while others are witnessing mixed trends. Participants should plan accordingly.”

On currency outlook, Yes Bank Research said, “Over the next 2-3 months, we expect USD-INR to trade in the 75.50-77 level range. January to March 2022 might witness IPO/LIC-related capital inflows supporting the currency somewhat. However, it’s unlikely to trade below 74.50 over the next six months on a sustained basis amidst normalisation of monetary policy in developed market economies.”

Things to note before trade

  • RateGain Travel Technologies, the Software as a Service (SaaS) company in the hospitality sector, to begin trading on stock exchanges today
  • Multinational automotive manufacturer Tata Motors said its bus brand Starbus crossed the 0.1 million units in cumulative sales
  • A German software provider for workforce management selected Indian technology services firm Persistent Systems to transform its customer relationship management with the help of salesforce integrations
  • Gujarat-headquartered Torrent Pharmaceutical said its manufacturing facility at Levittown, Pennsylvania has successfully completed an inspection by the US Food and Drug Administration

Read More: US market close: Market sinks on Fed reflection 

Related topics

Rate this article

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.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading