SGX Nifty is at 14,426.80 levels, down 20.00 points. (Updated at 7:39 AM)
The Nifty saw a volatile day with the index scaling new highs as MSCI index rebalancing saw big block deals clock another big foreign buying figure.
IT stocks led the pullback after 2 days of decline while private banks saw profit booking.
Reliance also saw smart money buying as it staged a comeback after being listless for nearly a month. Metals & banks were the losers while IT, auto & realty were the big gainers.
US Market: US markets hit fresh new highs to end the week with all indices closing at all-time highs.
Bond yields rise to March highs @ 1.11% as expectations of large stimulus package see more borrowing by the Federal Reserve.
Worse than expected jobs report sees clamour for more money to be printed as all asset classes see new highs with the lowest cost of money seeing a build-up of a speculative bubble.
Asian Market: Asian markets opened mixed with the South Korean Kospi seeing another new fresh all time high as it moved higher by over 3% in early trade.
The Japanese Nikkei is closed for a holiday & other markets were flat to mildly negative seeing profit booking in early trade.
Chinese stocks will be in action as Alibaba & Tencent see pullback after the recent declines.