SGX Nifty indicates muted opening for Indian markets 9th feb 2021

SGX Nifty is at 15,175.80 levels, up 9.00 points. (Updated at 7:38 AM)

The Nifty saw another all-time high as IT stocks joined the gainers with INFY among the top leaders with auto & metals.

Banks also saw gains as foreign buying dominated the day with broader markets seeing outperformance.

Hindalco, Tata Steel & M&M were the big gainers as markets in full risk-on trade seeing volatile counters attract traders attention.

US Market: US markets see longest-running streak for gains as Dow Jones rises another 225 points while Nasdaq insight of hitting 14000.

Bitcon sees record new highs as Elon Musk buys over US$1.5 billion of the cryptocurrency.

Bond yields rise in tandem with oil which crosses US$ 60 on WTI crude.

Asian Market: Asian markets saw mixed open with the Japanese Nikkei seeing profit booking after a strong open while the South Korean Kospi was the top gainer in Asian indices.

Globally the equity outperformance continues with economic activity gaining further progress as the vaccine acts as a shield & most get on with normalcy in lifestyles.

Chinese stocks also joined the rally with mid caps seeing more traction as valuations see strong ETF buying.