ECONOMY

Stock Markets Live: SGX Nifty Climbs Along With Asian Peers; DMart, IIP, CPI Data in Focus

Asian stocks started the week higher after their U.S. peers chalked fresh records and Treasury yields stabilised after jumping Friday.

Shares in Japan outperformed and Hong Kong also rose. Australia advanced despite a prolonged lockdown in the largest city, Sydney, as virus cases continue to rise.

The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.4% at 15,795 as of 8:30 a.m.

U.S. futures fluctuated. The S&P 500 finished last week at all-time highs as investors continued to bet that global growth remains on track despite new Covid-19 variants.

Investors turn their attention this week to the second-quarter earnings season in order to gauge whether corporate profitability can support equity valuations.

Elsewhere, the euro was little changed after European Central Bank President Christine Lagarde told investors to prepare for new guidance on monetary stimulus in 10 days. Oil was steady after its first weekly loss in seven amid an OPEC+ dispute over a production increase.

Back home, Avenue Supermarts (DMart) and Bhansali Engineering Polymers may react as the companies reported quarterly results after the market closed Friday. HFCL, HMT, Steel Strips Wheels are among the companies scheduled to report earnings Monday.

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