SGX Nifty indicates flat to positive opening for Indian markets

Asian markets opened in the green led by a strong rebound in Japanese stocks as metals see renewed buying interest with Chinese iron ore futures rebounding strongly.

Nov 25, 2021 07:11 IST India Infoline News Service

SGX Nifty is at 17,420.20 levels, higher 4.25 points. (Updated at 7:30 AM).

The Nifty saw another volatile day where the index gave up all gains to close lower by 90 points in the last hour after being up over 100 points intraday.

Weak European cues, rumour of Germany lockdown, and expiry-related volatility saw foreign selling drive the index down.

Banks saw strong buying interest with the Bank Nifty closing in the green-up 170 points after being up over 600 points in intraday trade.


US Market: US markets close steady on Wednesday as Dow Jones ends flat from being down 230 points intraday while Nasdaq sees a strong rebound as technology stocks saw buying.

Russell 2000 which tracks the midcaps also ended in the green. Bond yields close near 1.64% while the US$ index sees further strength to close near 96.65.

Asian Market: Asian markets opened in the green led by a strong rebound in Japanese stocks as metals see renewed buying interest with Chinese iron ore futures rebounding strongly.

Taiwan market also sees gains as technology stocks do well overnight in the US. Chinese data is making foreign investors bullish as year-end commodities see buying interest.

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