SGX Nifty indicates cautious opening for Indian markets; ahead of F-;O expiry

28 Apr 2022 , 08:50 AM

SGX Nifty is at 17,095 levels, higher 36 points. (Updated at 8:50 AM)

The Nifty saw another down day as weak global cues coupled with derivative contracts expiry today saw Nifty fall over 242 points before last hour buying saw the index close lower by 160 points. Bank Nifty was the main drag as it closed lower by 375 points as ICICI, SBI & Axis saw selling pressure.

Bajaj twins were the main losers after weaker than expected results while auto stocks again led the gainers with Hero Moto & Tata Steel leading the gainers.

US markets: US markets see another volatile day as Dow Jones sees swings of over 589 points before closing up 61 points. Nasdaq sees gyrations of over 275 points before closing flat. Meta earnings after hours lift sentiment with Nasdaq seeing gains of over 1% while Meta traded higher by 20%. Bond yields spike to 2.82% while oil prices fall.

Asian markets: Asian indices opened in the green led by the Japanese ‘Nikkei’ which was higher by over 150 points in early trade. The meta stock rally after hours could see Nasdaq bottom out with more technology stocks seeing buying interest. Taiwan & South Korean markets also traded higher as chip manufacturers saw buying interest.