SGX Nifty indicates positive opening for Indian markets

25 Mar 2022 , 07:58 AM

SGX Nifty is at 17,287.80 levels, higher 32.10 points. (Updated at 7:58 AM)

Nifty saw a smart start get sold into in the last hour to close down 22 with Bank Nifty being the main culprit as largecap banks saw profit booking. Metals, media & IT saw strong gains while banks & financial services saw profit booking.Mid caps also saw outperform with the Nifty Midcap 100 index closing with gains of over 0.75%.

US markets see a superb comeback with Dow Jones gaining over 350 points while Nasdaq closes higher by almost 2% or 270 points climbing over 15% from the lows of 10th March. Oil prices see volatility continue to fall over 3% while bond yields close near 2.35%.

Asian markets opened muted with the Japanese ‘Nikkei’ trading lower by 65 points in early trade after seeing the best week in months as the index gained over 14% from the lows of 10th March. Most other Asian markets were trading flat as traders booked profit ahead of the weekend. Chinese stocks could see more action as manufacturing activity resumes after the near-term Covid restrictions.