SGX Nifty indicates a flat to negative opening for Indian markets

For today earnings will be key as the most large cap has delivered better than expected results with paint & cement standing out.

SGX Nifty is at 11,879.50 levels, down 19.35 points. (Updated at 7:36 AM)

For today earnings will be key as the most large cap has delivered better than expected results with paint & cement standing out.

The Nifty saw a very volatile session for the 2nd day running as global cues along with huge profit booking by local mutual funds saw Nifty see moves of 100 points intra day before closing lower by 40 points. Bank Nifty closed down 150 points & saw intra day moves of over 450 points.

US Market: US stocks close with gains as Dow Jones climbs over 150 points with banks leading the recovery.

Bond yields climb to 5-month highs @ 0.86% as higher cost of money indicates the return of growth & bodes well for banks.

Oil prices also see uptick while IT stocks see profit booking continuing.

Asian Market: Asian markets opened flat as most Asian markets watched the early indications of the final debate between the 2 Presidential candidates to determine the market views. This week has been very subdued as stimulus debate & consolidation on stocks saw range bound trade for most indices.

Chinese growth numbers have been better than expected along with early earnings from most Corporates which have been better than expected.