SGX Nifty indicates flat to positive opening for Indian markets

Asian markets opened weak with the Japanese 'Nikkei' trading lower by nearly 1% as weak US cues saw profit booking in most Asian indices.

Sep 15, 2021 07:09 IST India Infoline News Service

SGX Nifty is at 17,426.20 levels, higher 39.20 points. (Updated at 7:59 AM)

The Nifty closed with gains as it hit a fresh new all-time high with foreign flows back in buy mode as Nifty outperforms global indices.

ONGC, Coal India, Gail were the large-cap movers in PSU stocks while auto stocks like Tata Motor and Hero MotoCorp also added to the gains.

HDFC, Ultratech, and Tata Steel saw profit booking which saw the index close with gains of 25 points.

ZEE was the star for the day rising over 40% as institutional interest saw big gains.

US Market: US markets see profit booking after a one-day pullback as the undertone remains weak with selling emerging on all rallies.

Inflation comes below expectations which see bond yields hit 1.28%, however lower yields see banks and financials come under selling pressure. Dow Jones ends near 2-month lows while Nasdaq falls for the 6th consecutive day.

Asian Market: Asian markets opened weak with the Japanese 'Nikkei' trading lower by nearly 1% as weak US cues saw profit booking in most Asian indices.

Chinese stocks have been rank underperformers and Hang Seng continues to be the worst performing index over the last month. Metal prices also fall as copper hits one-month lows which could see more pressure on Chinese stocks. 

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