SGX Nifty indicates negative opening for Indian markets

19 Jan 2022 , 08:04 AM

SGX Nifty is at 18,140.50 levels, lower 33 points. (Updated at 8:04 AM)

The Nifty saw a weak close as selling by both foreign & local funds 2nd day running coupled with rising US yields saw the index sell-off in 2nd half of the day.

Auto, metals & PSU banks led the losers while Private banks led the gainers with Axis & HDFC leading the winners. Mid-caps also sold off as the index closed lower by over 2%.

This results in aftermarkets from Bajaj Finance beat street estimates & which could see financials lead the comeback intraday.

US Market: US markets start the week with the worst day in 2022 as Dow Jones tanks over 500 points while Nasdaq falls over 350 points.

The bond yield hit pre-pandemic highs @ 1.87% with the 2 year bond yields hitting 2% for the 1st time in over 2 years.

Crude rises to 7-year highs as colder weather & rise in demand sees prices rise sharply. 

Asian Market: Asian markets opened in the red led by the Japanese 'Nikkei' which was down over 400 points after seeing rather a quiet day yesterday when the other Asian markets were selling off in anticipation of weakness expected in US futures.

South Korean 'Kospi', was trading in the green as it had an extended sell off yesterday with auto stocks leading the comeback.