SGX Nifty Indicates Gains; BPCL, NMDC, Crompton Consumer In Focus

SGX Nifty Indicates Gains : Indian equities gained for the sixth straight day on Monday, registering new highs in the process. The S&P BSE Sensex closed above the mark of 51,000 while the NSE Nifty 50 index closed above the 15,000 mark for the first time ever.

SGX Nifty Indicates Gains

Futures are indicating a flat but a start with a positive bias to today’s session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.2% to 15,176 as of 8:05 a.m.

For today’s session, stocks like BPCL, Balkrishna Industries, NMDC, Torrent Pharma, SPARC among others will be reacting to their quarterly results.

Adani Ports & SEZ along with Tata Steel are the two index names reporting numbers today while the list within the broader market names includes the likes of Berger Paints, Burger King, HEG, Lemon Tree Hotels, MGL, Muthoot Finance, Raymond among others.

The rally in global equities has taken a pause this morning with benchmark indices in Japan and Hong Kong trading little changed while those in Australia traded with losses.

Futures on the Dow Jones are trading flat after the index gained 0.8% overnight to close at a record high.

West Texas Intermediate crude gained 0.5% to $58.24 per barrel while Brent crude rose past the $60 per barrel mark for the first time in over a year.

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