SGX Nifty indicates flat opening for Indian markets

Asian markets opened in the green led by the Japanese Nikkei which was trading higher by 200 points in early trade.

Apr 09, 2021 07:04 IST India Infoline News Service

Analysis Finance Market
SGX Nifty is at 14,927.50 levels, down 10.50 points. (Updated at 7:35AM)

The Nifty saw a volatile session end with gains of 60 points before being up 125 points intra day.

Bank Nifty led the decline in the last hour as large-cap banks like SBI, HDFC & Axis saw profit booking. Metals, pharma & IT stocks led the gainers while mid-caps again outperformed the major indices.

Both local & foreign funds saw buying for 2nd day running as investors turned cautious on rising Covid cases but expect earnings to beat estimates.


US Market: US stocks close with gains as Nasdaq leads comeback rising 140 points while Dow Jones gains 57 points.

Bond yields fall further to 1.63% as markets see moderate inflation due to 2nd wave of Covid infections.

Oil prices see marginal gains while US$ sees further weakness.

Asian Market: Asian markets opened in the green led by the Japanese Nikkei which was trading higher by 200 points in early trade.

Most Asian markets are consolidating as rise in Covid cases & results season will see markets seek direction in next week.

Metals globally have seen the best run in over 10 years as both ferrous & non ferrous hit fresh 3 year highs.

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