SGX Nifty is at 14,188.80 levels, down 11 points. (Updated at 7:56 AM)
The Nifty saw weakness 3rd day running as all rallies got sold into with foreign buying seeing some slowdown as market participants book profit close to 14500.
With the expiry of January derivative contracts, tomorrow expect higher volatility even as a fresh bout of weakness in US$ could see metals stage a smart comeback with technology.
US Market: US markets close flat as all dips get bought in Dow Jones with Nasdaq hitting new all-time highs.
Microsoft earnings beat street estimates with futures in the green after hours.
Bond yields hit 1.04% as markets await more news on stimulus.
European stocks rally on Tuesday after the strong show by Euro versus weak US$ which sees steel & commodity stocks do well.
Asian Market: Asian markets opened in the green led by the Japanese ‘Nikkei’ which was in the green after Tuesday’s sharp sell-off for most Asian markets.
The Chinese stocks led the sell-off as Central Banks pulled back money from the system which saw banks lead the fall in Hong Kong & China.
For today expect more color from weakness in the US$ seeing strength in emerging market currencies & stocks.