SGX Nifty indicates positive opening for Indian markets

9 Feb 2022 , 07:55 AM

SGX Nifty is at 17,335.00 levels, higher 56.75 points. (Updated at 7:55 AM)

The Nifty saw a close in the green after 3 days fall as the index recovered from down over 170 points to close higher by 53 points.

Bank Nifty also closed in the green after being down over 900 points in intraday trade.

Metals, Reliance & Bajaj Twins led the gainers while ONGC, Powergrid & IOC saw profit booking.

Mid cap stocks saw collateral selling which kept most in the red even as the large caps rallied.

For today expect midcaps & the broader market to do well as sentiment improves with strong global cues.

US Market: US markets see a day of superb gains as all indices close in the green led by the Nasdaq. Dow Jones jumps nearly 400 points, while Nasdaq closes higher by over 178 points or 1.28%.

However, the Russell 2000 index closes higher by 1.78% as money sees rotation into mid-caps where valuations become attractive. Bond yields close to @1.94% while US$ closes near 95.59, with oil prices seeing a sharp decline.

Asian Market: Asian markets opened in the green led by the Japanese ‘Nikkei’ which was up over 200 points in early trade.

Expect a strong day for Chinese stocks as data from manufacturing beats expectations with Taiwan & South Korean markets seeing buying in semiconductor Companies.