Stock Market Today LIVE: Indian frontline indices S&P BSE Sensex and NSE Nifty50 are likely to open positive even as global cues renain limited. Global markets in at least a dozen major economies including US and UK will remain closed on account of extended Christmas holiday. Singapore-based SGX Nifty, an early indicator of movement in Nifty was trading at 17,883, up 19 points or 0.11 per cent.
Among top Asian indices, Nikkei 225 was trading at 26,317.40, up 82.16 or 0.31 per cent while China’s Shanghai Composite was down by 76 points or 0.28 per cent at 3045. Hang Seng is also closed today.
On Friday, US markets ended with strength with benchmark indices closing in the green. Dow 30 ended at 33,203.90, up 176.44 points or 0.53 per cent while S&P 500 was up 82 points or 0.59 per cent at 3,844.82. Nasdaq Composite finished at 10,497.90, higher at 21.74 points or 0.21 per cent. The consumer sentiment data published indicated a better than expected trend. While Tesla fell, buying was seen in Alphabet.
Dollar index is hovering around 104. Commodities also traded mix during the previous week with crude oil gaining nearly 7 per cent. It is trading around USD 84. While gold ended flat silver closed with 2 per cent gains.
Expect stock specific action in Tata Motors, Dabur India, Wipro, United Breweries, Dr Reddy’s Laboratories based on company specific news.
In the primary markets, expect stock allotment in KFin Technologies IPO. The issue which was launched at a price band of Rs 347-366 was overall subscribed 2.59 times The issue size was Rs 1,500 crore.
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Read More: Stock Market Today LIVE: Sensex, Nifty open on cautious note amid limited global