SGX Nifty indicates positive opening for Indian markets

Asian markets opened with gains as the Japanese 'Nikkei' traded near 3-month highs on the back of ETF flows into Japanese stocks.

Sep 14, 2021 07:09 IST India Infoline News Service

Analysis Finance Market
SGX Nifty is at 17,421.50 levels, higher 59.50 points. (Updated at 7:52 AM)

The Nifty closed almost flat after a rather volatile day as Nifty swung over 115 points from high to low with global cues.

PSU stocks like Coal India, BPCL, and ONGC led the gainers along with Kotak Bank and Tata Steel while Reliance and ICICI Bank led the losers.

The midcap index again outperformed with IGL, Vedanta, and DLF leading the gainers as markets buy all the dips as momentum continues to chase midcaps.


US Market: US markets see a pullback as Dow Jones closed higher over 250 points after 5 days of decline.

However, Nasdaq sees profit booking to closed in the red even as bond yields climb to 1.34%.

Commodities lead the pullback with alumina prices hitting a 13-year high.

Asian Market: Asian markets opened with gains as the Japanese 'Nikkei' traded near a 3-month high on the back of ETF flows into Japanese stocks.

Most other Asian indices also have delinked from the Chinese markets as that continues to be volatile due to constant regulatory changes on fintech Corporates.

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