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Indian stocks shaky ahead of trade as Asia feels the jitters

By Vinu Lal

02:57, 14 December 2021

Graphs representing the stock market crash caused by the coronavirus
SGX Nifty futures index was trading 0.36% down – Photo: Shutterstock

Indian stock indices are looking quite vulnerable ahead of Tuesday’s morning trades as Asian stocks opened weak, with the new Covid variant once again taking centre stage.

SGX Nifty futures index, which represents Indian stocks, was trading 0.36% down during morning trade sessions at the Singapore Stock Exchange, riding on Asian cues.

Wall Street indices had closed lower on Monday with investors worried over the new Omicron variant ahead of a critical Federal Reserve meeting later this week. Dow Jones Industrial Average fell 0.87%, S&P 500 lost 0.92%. 

Considering our data from the futures and options segment, the chart structure indicates that the recent up move was corrective in nature rather than an impulse. We expect some time-wise or price-wise correction for the next couple of days,” said Ruchit Jain, trading strategist at online discount broker

Jain advised traders to avoid aggressive bets and trade with a stock-specific approach. 


0.66 Price
-0.200% 1D Chg, %
Long position overnight fee -0.0071%
Short position overnight fee -0.0011%
Overnight fee time 22:00 (UTC)
Spread 0.00006


147.38 Price
-0.130% 1D Chg, %
Long position overnight fee 0.0111%
Short position overnight fee -0.0194%
Overnight fee time 22:00 (UTC)
Spread 0.010


1.10 Price
-0.010% 1D Chg, %
Long position overnight fee -0.0080%
Short position overnight fee -0.0002%
Overnight fee time 22:00 (UTC)
Spread 0.00006


1.27 Price
+0.130% 1D Chg, %
Long position overnight fee -0.0047%
Short position overnight fee -0.0035%
Overnight fee time 22:00 (UTC)
Spread 0.00013

Religare Broking’s vice president of research Ajit Mishra said that markets are currently dealing with mixed cues.

“At one end, the encouraging updates on the new Covid variant have eased some pressure, however, caution ahead of the US Fed meet amid the inflation woes is keeping the participants on the edge,” he added. 

“In the current scenario, it’s prudent to restrict leveraged positions and let the markets stabilise,” Mishra said. 

Key things to note before trade 

  • Anand Rathi Wealth to begin trading today
  • Markets regulator passed a confirmatory order against an Infosys employee and his connected person in a matter related to alleged insider trading in Infosys shares.
  • Vedanta withdrew cases against the Indian government in the Delhi High Court and before an international arbitration tribunal in a tax dispute matter
  • Raymond plans to raise INR1bn ($13.2m) by issuing debentures

Read More: Faster tapering, 2022 rate hikes on the Fed’s agenda

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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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