iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Markt may open on flat note; assembly election results eyed

8 Dec 2022 , 08:33 AM

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 2 points at the opening bell. On the political front, various exit polls on Monday predicted a big majority for the BJP in Gujarat and a dead heat in Himachal Pradesh where most pollsters gave an edge to the ruling party over the Congress. The counting of votes in both states will take place today, 8 December 2022. Elections for the Himachal Pradesh assembly took place on 12 November, while polling in Gujarat happened in two phases on 1 and 5 December. Global markets: Overseas, Asian stocks are trading lower, with recession fears weighing on continued negative sentiment. Hong Kongs Hang Seng index popped on Thursday, bucking the trend in the region as a local news outlet reported the city is considering lifting its outdoor mask rule. Japans economy saw an annualized quarterly contraction of 0.8% in the third quarter. The governments first preliminary estimate released in November was a 1.2% decline. In US, the S&P 500 and Nasdaq closed down on Wednesday after a choppy session on Wall Street, as investors struggled to grasp a clear direction as they weighed how the Federal Reserves monetary policy tightening might feed through into corporate America. Domestic markets: Back home, key benchmark indices extended losses for the fourth straight session on Wednesday, as traders sold stocks post the Reserve Bank of India (RBI)s repo rate hike. The barometer index, the S&P BSE Sensex, was down 215.68 points or 0.34% to 62,410.68. The Nifty 50 index lost 82.25 points or 0.44% to 18,560.50. Foreign portfolio investors (FPIs) sold shares worth Rs 1,241.87 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 388.85 crore in the Indian equity market on 7 December, provisional data showed. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.