SGX Nifty indicates negative opening for Indian markets

Asian markets opened in the red led by the Japanese 'Nikkei' which was down almost 550 points in early trade.

Nov 26, 2021 07:11 IST India Infoline News Service

Stock Market Down
SGX Nifty is at 17,404.80 levels, lower 163.50 points. (Updated at 7:58 AM).

The Nifty saw another volatile session with Reliance catching the 'bears' napping as it closed higher by over 5%. Banks were under pressure as foreign investors booked profit.  Sharp move in Reliance pushed Nifty to close higher by 120 points as value buying saw ITC, Divi's and Infosys lead the winners. IndusInd, Maruti and Hero Moto saw profit booking on the downside. Midcaps were also seeing sectoral rotation with mixed swings in stocks.

US Markets: US markets closed on Thursday for Thanksgiving as it sees most other indices close in the green as emerging markets bounce back. Bond yields remain elevated near 1.64% with Germany in fear of lockdown as Covid cases rise. Global indices drifted with US futures lower.

Asian stock markets: Asian markets opened in the red led by the Japanese 'Nikkei' which was down almost 550 points in early trade as rise in Covid cases coupled with higher interest rates saw profit booking. Chinese stocks will be in action as data on growth could be the saving grace with investors ready to invest as valuations give huge comfort.

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