SGX Nifty Up, Street’s Opening Cues This Busy Week: Asian, US Markets, Oil
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.13% or 22.5 points higher at 8:23 am on Monday, indicating a positive-to-muted opening on Dalal Street amid mixed global cues.
Further, the slipped 0.16% and declined 0.28%.
Investors back home will see the December quarterly earnings of conglomerate giant L&T, along with market heavyweights including Bajaj Finserv (NS:), Bharat Petroleum (NS:) and Tech Mahindra (NS:) in a busy week on Monday.
Major indices on Wall Street rose on Friday as economic data and guidance from corporate earnings indicated softening demand and cooling inflation but economic resilience too ahead of the Fed’s policy meeting this week.
surged 0.95%, gained 0.08% and rose 0.25%. So far in January 2023, the indices jumped 11%, 6% and 2.5% respectively.
Shares across Asian markets traded mixed on Monday, with some markets returning after the Lunar New Year holidays to a busy week scheduled with interest rate hikes across Europe and the US, along with other major economic events planned.
At 8:25 am, Japan’s rose 0.33%, South Korea’s tanked 1.12%, China’s gained 0.43%, Hong Kong’s fell 1.17% and Australia’s traded flat.
Oil prices rose early Monday, following tensions in the Middle East after a drone attack in Iran, while the top importer China validated to promote a consumption recovery, supporting expectations of fuel demand.
climbed 0.12% to $86.5/barrel and gained to $79.8/barrel at the time of writing. Futures plummeted 5.81%.