SGX Nifty indicates negative opening for Indian markets

For today, again expect banks to lead the downside even as IT & pharma see buying interest.

Apr 12, 2021 07:04 IST India Infoline News Service

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SGX Nifty is at 14,654.20 levels, down 238.75 points. (Updated at 7:44 AM)

The Nifty saw a volatile session on Friday with banks leading the index lower while pharma & IT stocks lent a helping hand as the index oscillated 135 points.

Bank Nifty ended lower by over 330 points as large-cap banks like ICICI, HDFC & Axis saw selling pressure.

For today, again expect banks to lead the downside even as IT & pharma see buying interest.


US Market: US stocks close at fresh new all-time highs as Dow Jones jumps by 290 points while S&P 500 index crosses 4100 with Nasdaq also gaining over 0.50%.

Bond yields rise higher to 1.66% even as US$ sees weakness with oil prices also seeing marginal gains.

Asian Market: Asian markets opened in the green led by the Japanese, South Korean & Taiwan markets as a shortage in semiconductors are seeing a ramp-up of production in these specific countries.

Chinese markets will again be in action as a surge in the 2nd wave of Covid infections in Asia could see money chase Chinese stocks as they stand out.

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