SGX Nifty indicates positive opening for Indian markets

Asian markets opened mixed with the Japanese 'Nikkei' seeing profit booking while auto stocks seeing buying interest in South Korean markets.

Oct 25, 2021 07:10 IST India Infoline News Service

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SGX Nifty is at 18,203.80 levels, higher 59.20 points. (Updated at 7:40 AM).

The Nifty saw another weak day on Friday with foreign selling intensifying as the index fell to near 18,030 before last hour buying lifted it to close lower by 63 points.

Bank Nifty continues to outperform as it closed at fresh new all-time highs gaining over 290 points. With bank results beating expectations & Corporate Capex expanding banks with the lowest cost of funds in recent times will be the biggest gainers.

Metals, media, and IT stocks saw profit booking with mid-caps also under pressure.

US Market: US markets closed mixed on Friday with Dow Jones closing at fresh new all-time highs while Nasdaq ended lower by 125 points as higher yields saw profit-booking in technology stocks and buying in banks.

Bond yields closed at 1.63% while the US$ index closes lower at 93.36.

Asian Market: Asian markets opened mixed with the Japanese 'Nikkei' seeing profit booking while auto stocks seeing buying interest in South Korean markets.

Chinese stocks will again see interest as most of the weakness of GDP numbers is behind, however, a fresh surge in Covid cases could see more traction on Government action in ease of liquidity for banks.

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