SGX Nifty indicates flat opening for Indian markets 11th feb 2021

For today expect some more consolidation as markets adjust to life over 15000. Mid-caps could see profit booking even as select stock/sectors do well.

SGX Nifty is at 15,067.80 levels, down 3.25 points. (Updated at 7:48 AM)

The Nifty saw a sharp bout of profit booking with the index breaking below 15000 intraday as local funds sold aggressively while foreign investors continued to buy.

Large-cap banks & select auto stocks lead the losers while IT, Pharma & Reliance lead the recovery.

For today expect some more consolidation as markets adjust to life over 15000. Mid-caps could see profit booking even as select stock/sectors do well.

US Market: US markets hit another high as Dow Jones closes in the green after a volatile session.

Nasdaq succumbs to profit-booking even as technology stocks see better than expected results with Twitter leading the pack.

Bond yields edge higher while crude jumps to 1-year highs on expectations of higher demand.

Asian Market: Asian markets saw a muted start with most indices trading marginally higher as markets reacted to higher crude & weaker US$ with bond yields remaining unchanged.

Chinese mid cap stocks have done well this week with ETF flows now chasing higher returns as large cap stocks look over priced.

Auto stocks have been the flavour of the month as sales across the globe touch pre covid levels.