SGX Nifty indicates a flat opening for Indian markets

Asian indices opened in the green led by the Japanese Nikkei as it traded higher by over 190 points in early trade.

Jun 02, 2020 07:06 IST India Infoline News Service

SGX Nifty at 9,827  levels, up 50 points. (Updated at 7:35 AM)

Nifty saw another good session with the index crossing 9900 for the 1st time since early March as foreign investors bought stocks for the 4th day running. There was profit booking from the highs of the day as local mutual funds booked profit as the index closed above 9800. Metals, banks, auto were the big gainers while mid caps also participated with PSU stocks being the star for the day.

US Market: US indices closed with gains as Nasdaq led from the front with technology stocks leading the gainers. Bond yields trade @ 0.67% even as crude prices close @ 3 month highs. US$ sees more weakness as emerging markets see renewed bouts of buying in equities & bonds.

Asian Market: Asian indices opened in the green led by the Japanese Nikkei as it traded higher by over 190 points in early trade. The other smart mover yesterday was the Hang Seng index which soared over 3% as value buying from overseas investors coupled with Chinese authorities buying saw stocks rise. For today, expect some more consolidation as China sees better than expected data on growth returning from factories.

Related Story