SGX Nifty indicates positive opening for Indian markets

5 Apr 2022 , 07:42 AM

SGX Nifty is at 18,192.20 levels, higher 100.25 points. (Updated at 7:42 AM)

Nifty saw a superb Monday as the index crossed 18000 with the surprise merger of HDFC twins setting the tone for the markets. Bank Nifty was the star as it rallied over 1500 points or 4%.

Hdfc bank was the leader gaining over 10%, followed by HDFC up 9.5%, while Adani Port & HDFC LIFE were the other Nifty outperformers. Midcaps also joined the party with the Nifty 100 gaining over 1.7%. 

US Market: US markets start the week with a bang as Nasdaq jumps nearly 2% while Dow Jones closes higher by 100 points. Oil prices see rebound to close higher by over 3%, while bond yields close near 2.38%. Technology stocks lead the rally in anticipation of better then expected results.

Asian Market: Asian indices opened flat with most indices giving up early gains & trading mildly in the red. The Japanese ‘Nikkei’ was up over 230 points in early trade before trading down 15 as markets consolidate the recent gains.

Chinese stocks will again be in focus as Hong Kong now removes most restrictions as Covid cases fall, which is seeing stocks do well thereafter seeing very weak undertone for last 2 months.