SGX Nifty indicates positive opening for Indian markets

17 Mar 2022 , 07:35 AM

SGX Nifty is at 17,282.80 levels, higher 276.25 points. (Updated at 7:35 AM)

Nifty saw a good start on a superb day with foreign investors also turning buyers as the index came within striking distance of 17000 hitting 16987.

Bank Nifty also was the big gainer up over 2%. Cement & bank stocks lead the gainers with metals seeing short-covering as the broader markets outperformed with Nifty next 50 index up 2.26%.

US Market: US markets see 2nd day running as Federal Reserve raises rates by 25 basis points as per market expectations.

Russia/Ukraine agree to talk peace with conditions. Dow Jones rises 500 points while Nasdaq gains nearly 500 points or over 3.77%.

Oil prices rise after sharp fall on Wednesday with bond yields  closing near 2.14%

Asian Market: Asian markets saw a positive start with the Japanese ‘Nikkei’ leading the gains up over 900 points in early trade. South Korean & Taiwan markets also rally smartly trading up by over 2%.

Chinese institutions stepped in yesterday to buy stocks in Hong Kong & Chinese markets as they spiralled out of control.