MARKET UPDATE: Markets are likely to open on a positive ground;SGX Nifty Futures quoted 16,115 levels, up around 50 points


Published On: Wednesday, July 13, 2022 | By:

MARKET UPDATE: Markets are likely to open on a positive ground;SGX Nifty Futures quoted 16,115 levels, up around 50 points

Indian markets are likely to open on a positive ground despite mixed global cues today(13 July 2022). As of 7:40 AM, SGX Nifty Futures quoted 16,115 levels, up 50-odd points on the Nifty50. today(13 July 2022), investors will closely monitor the US inflation data for June. Back home, HCL Technologies will be on investors' radar after the IT major saw a rise in net profit by 2.4 percent year-on-year (YoY) to Rs 3,283 crore. Globally, the US markets closed lower on Tuesday on recession fears. While Dow Jones slipped 0.6 percent, both the S&P 500 and NASDAQ Composite declined 0.9 percent each. However, major markets in Asia-Pacific traded higher on Wednesday morning. Japan's Nikkei 225, South Korea's Kospi, and Hong Kong's Hang Seng index rose 0.3 percent each. Meanwhile, prices of crude oil tumbled below $100 per barrel on a stronger dollar and weak demand outlook. On Wednesday, Brent Crude hovered at $99 per barrel and WTI Crude was at $95 per barrel.

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