SGX Nifty indicates flat to positive opening for Indian markets

For today expect midcaps to lead the gainers, while Reliance could see some consolidation as the heavyweight lost ground after the AGM yesterday.

Jun 25, 2021 07:06 IST India Infoline News Service

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SGX Nifty is at 15,850.00 levels, higher 10.90 points. (Updated at 7:48 AM)

The Nifty had a very strong expiry for derivative contracts as it closed at a fresh new all-time high. IT, private banks, and financial services led the gainers, while media, pharma & PSU banks saw profit booking on Thursday.

For today expect midcaps to lead the gainers, while Reliance could see some consolidation as the heavyweight lost ground after the AGM yesterday.


US Market: US stocks gain as President Biden wins Senate approval for massive US$2 trillion infrastructure spending bill which sees Dow Jones jumps over 330 points while Nasdaq closed at a fresh new all-time high.

Bond yields close at 1.49% even as US$ sees weakness.

Asian Market: Asian markets opened in the green led by the South Korean 'Kospi' which hit a fresh new all-time high in early trade today followed by the Taiwan and Japanese markets.

Optimism over reopening and outperformance of chip manufacturers is seeing Asian Corporates do well.

For today expect weekend cues from China also to add strength as global markets in a fresh new bout of bullish break out for equities. 

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