SGX Nifty is at 15,769.80 levels, higher 86.75 points. (Updated at 7:46 AM)
The Nifty saw another day of pain as it fell over 380 points to close near 8-month lows.
This as unabated foreign selling hurts sentiment with across board sell-off in oil-related sectors.
Ongc, Gail & Hindalco were the gainers while banks led the fall with Indusind, Axis & Maruti leading the losers.
Mid-caps also saw near-term capitulation as a hike in rates after state elections saw yields rise.
US Market: US markets see further sell off as geopolitical tensions weigh on Corporates exposure to Russian banks & institutions as sanctions to hurt sentiment.
Bond yields rally to close near 1.73% as crude oil hits 10 year highs, before sharp profit booking. Dow Jones falls over 750 points while Nasdaq falls over 3.5%.
Asian Market: Asian markets opened in the red with the Japanese 'Nikkei' trading lower by 100 points after a huge sell-off on Monday as weak US cues see caution in early trade.
The rest of Asia was a 'sea of red' yesterday with a rise in crude hitting 10-year highs causing a massive bout of sell-off in oil-sensitive sectors/stocks. Chinese stocks also ended near 4 month lows as ETF flows were sellers across the board in Asian stocks.
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