Indian equity markets are looking to kick-start the final trading week of 2020 on a positive note.
The S&P BSE Sensex had gained for the eighth straight week for the period ended Dec. 24 — the first such streak since January 2018. The NSE Nifty 50, however, fell short of that mark by 11 points.
Futures are indicating that today’s session may begin with a positive bias. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.3% to 13,798 as of 7:55 a.m. on Monday.
Globally, Asian equities are edging higher this morning after U.S. President Donald Trump signed the coronavirus stimulus package. Benchmark indices in Japan, South Korea and Hong Kong are advancing.
Futures on the Dow Jones are currently trading 100 points higher. The index ended Thursday’s truncated session with gains of 0.2%. The Bloomberg Dollar Spot Index fell, while treasury yields rose.
West Texas Intermediate crude was steady at $48.24 per barrel, while gold rose 0.6% to $1,895/Oz.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.