SGX Nifty indicates a flat to positive opening for Indian markets Nov 11

Asian markets opened in the green led by the Japanese Nikkei as the expected stimulus in the US market could see huge liquidity make its way into equities with Asia ex-Japan seeing huge ETF flows.

SGX Nifty is at 12,710.80 levels, up 4.00 points. (Updated at 7:38 AM)

The Nifty saw another superb day as foreign flows continue to buy aggressively with November seeing more money than the whole year to date.

The ETF flows into emerging markets are gaining momentum in anticipation of a large stimulus package by the new US President.

Banks powered the upside with the Bank Nifty gaining over 4000 points in the last 6 days.

US Market: US stocks see more rotation as industrials lead the Dow Jones higher while technology drags the Nasdaq lower.

Bond yields trade above 0.94% as risk on sees higher cost of money.

Gold prices tumble most in over 6 months hitting US$ 1850 as risk on sees selling in defensive assets. Oil prices see best rally in over 6 months as vaccine gives shot in the arm.

Asian Market: Asian markets opened in the green led by the Japanese Nikkei as the expected stimulus in the US market could see huge liquidity make its way into equities with Asia ex-Japan seeing huge ETF flows.

The other positive has been the reopening of most Asian economies with China leading the way gaining a huge foothold over others with supply chains for manufacturing up & running.