SGX Nifty indicates muted opening for Indian markets

17 Jan 2022 , 07:42 AM

SGX Nifty is at 18,208.20 levels, lower 27.75 points. (Updated at 7:42 AM)

The Nifty saw a flat closed for the day even as intraday volatility saw the index gyrate over 170 points as weak opening got bought into with Bank Nifty closing lower by 100 points.

This as foreign investors again turned sellers with banks, FMCG, and pharma stocks seeing selling pressure while IT & realty stocks led the gainers with TCS, Infosys, and IOC leading the large-cap stocks.

Small-cap stocks bucked the trend with the index closing up 0,75% as retail investors bought into the weakness. 

US Market: US stocks see another week of losses with Dow Jones closing lower by over 200 points on Friday while Nasdaq recovers to close up 80 points after falling for over 7 days consecutively.

Bond yields close near 1.77% while the US$ index sees recovery to close near 95.25.

Asian Market: Asian markets opened in the green led by the Japanese ‘Nikkei’ which traded higher by over 200 points in early trade after seeing a huge sell-off last week.

Most other Asian indices traded mixed as the Taiwan index saw a positive start with TSMC leading the gainers while Chinese stocks also bounced back as PBOC cut repo rate for banks by 10 basis points.