MARKET LIVE: SGX Nifty signals gap-up start as US election results roll in


Democrat candidate Joe Biden is inching closer to the win in america Presidential Elections 2020 even if President Donald Trump has threatened to attract out the last results by making an attempt to halt vote-counting in Pennsylvania and Michigan. READ MORE

While america election results will remain the main trigger, investors will today also retain a eager eye on the Supreme Court resuming its hearing plea seeking extension of loan moratorium period. But even so, corporate results and stock-specific developments would be the other main triggers.

At 7:30 AM, the SGX Nifty was once trading 175 points higher at 12,083 levels, indicating a gap-up opening for the domestic indices today.

US stocks surged to shut higher overnight amid the vote counting. The Dow rose 1.34 per cent, the S&P 500 gained 2.2 per cent, and the Nasdaq added 3.85 per cent.

Overall, MSCI’s broadest index of Asia-Pacific shares out of doors Japan added 0.5 per cent to achieve its highest since March 2018. 

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