SGX Nifty indicates a flat to negative opening for Indian markets

Asian markets opened in the green led by the Japanese Nikkei, which traded higher by over 200 points in early trade as strength in US$ bode well for exporters.

Jan 14, 2021 02:01 IST India Infoline News Service

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SGX Nifty is at 14,588.20 levels, down 25.25 points. (Updated at 7:54 AM)

The Nifty saw another flat close with higher than expected volatility as the index saw a sharp mid-session with Nifty seeing over 218 points intraday swings before closing flat.

Bank Nifty also saw intraday swings of over 500 points before closing up 230 points.

Select NBFC, pharma & private banks saw profit booking while auto & PSU stocks led the gainers.

Mid-cap stocks also saw profit booking as markets saw record F&O volumes. 


US Market: US markets end the session mixed with Nasdaq clocking gains led by Intel while Dow Jones closes flat as banks & industrials see profit booking.

Bond yields see fall as markets pricing in lower than expected stimulus.

Emerging markets see profit booking as US$ sees the return of strength.

Asian Market: Asian markets opened in the green led by the Japanese Nikkei, which traded higher by over 200 points in early trade as strength in US$ bode well for exporters.

Chinese mid cap stocks are now at the cusp of breaching a 5 year high as growth numbers for the economy see better than expected traction.

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