The Nifty closed with gains for another day as foreign flows see huge left out feelings with PSU buying lifting the index to new all-time highs.
Banks lead the gains as telecom relief package from the Government gives moratorium for interest payments.
NTPC, Coal India, Bharti, and ONGC lead the gains while FMCG & cement stocks see selling pressure.
For today expect more consolidation as midcaps continue to outperform.
US Market: US markets ended with gains as energy stocks lead the gainers with oil prices at 3-month highs.
Bond yields trade near 1.29% even as US$ sees initial weakness being bought into the US sees high. Higher tax proposal gets go-ahead from White House which could see higher volatility in the near future.
Asian Market: Asian markets opened muted with the Japanese 'Nikkei' trading almost flat as markets consolidated after a superb last fortnight.
Higher ETF flows have been the elixir for Asian markets with money seeing a move from developed to emerging markets.
Chinese stocks have lagged behind the Asian peers as Government policy on the internet/fintech sees foreign funds turn sellers.