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

Upbeat Asian sentiments could bolster Indian markets

By Munikoti Rochan

02:53, 21 December 2021

Stock market chart
Indian stock markets seem to be headed for a strong opening on Tuesday – Photo: Shutterstock

Upbeat regional sentiments are expected to bolster the Indian stock markets, which seem to be headed for a strong opening on Tuesday.

The Nifty 50 Futures index, listed on the Singapore Exchange, was trading 0.93% higher to 16,813.50 points at 08:02 hours Indian time (UTC+5:30) on Tuesday, suggesting that Dalal Street will rebound from Monday’s losses, despite the persistent Omicron variant concerns.

Rebound is seemingly overdue

The markets “may see a shaky start to the day on Tuesday; the levels of 16,690 and 16,765 may well act as potential resistance levels,” according to Gemstone Equity Research and Advisory Services chief analyst Milan Vaishnav.

“The low point 16,410 will be the most crucial support level to watch for not just for Tuesday but for the coming days as well...if the markets still do not rebound which is now overdue, it would be best to stay away from the markets rather than adding shorts...A highly cautious view is advised for the day,” Vaishnav wrote in a note to clients, published on his firm’s website.

Things to note prior to trade

Digital maps provider CE Info Systems, which owns MapmyIndia, will start trading on the bourses on Tuesday. Prior to its initial share sale, the Qualcomm-backed firm raised INR3.12bn ($41.19m) from 24 anchor investors, per a regulatory update.


4,596.80 Price
+0.710% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.7


16,908.50 Price
-0.760% 1D Chg, %
Long position overnight fee -0.0261%
Short position overnight fee 0.0042%
Overnight fee time 22:00 (UTC)
Spread 30.0


16,454.10 Price
+1.340% 1D Chg, %
Long position overnight fee -0.0220%
Short position overnight fee -0.0002%
Overnight fee time 22:00 (UTC)
Spread 8.0


16,001.20 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 7.0

Antitrust regulator Competition Commission of India (CCI) has granted permission to Tata Sons’ subsidiary Talace to acquire troubled domestic airline Air India, in addition to Air India Express and cargo handling firm Air India SATS Airport Services.

Meanwhile, Strides Pharma Science said its arm Stelis Biopharma has commissioned a large-scale fully integrated vaccine manufacturing unit in the Bengaluru city. The facility will export up to 50 million doses of the Sputnik Light vaccine.

Key US indices ended lower

Rising Omicron concerns gripped Wall Street on Monday, sending major US benchmark indices lower as traders began a sell-off.

The Dow Jones Industrial Average lost around 430 points, the S&P 500 shed 1.1% and the Nasdaq Composite slipped 1.2%. Small-cap benchmark Russell 2000 lost 1.6%. The latest data from the Centers for Disease Control and Prevention showed that over 156,000 cases were reported in the world’s leading economy on 17 December.

Read more: India’s Blinkit halts rapid delivery in some neighbourhoods

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