SGX Nifty is at 14,858.00 levels, down 9 points. (Updated at 7:42 AM)
The Nifty saw another superb day with the index closing higher by 140 points hitting fresh new all-time closing highs.
Bank Nifty almost hit 35000 ending the day up 490 points.
The rally from 29950 on Thursday last to 34900 today has been the sharpest witnessed in a long time.
For today expect select PSU stocks to see gains while the large-cap stocks take a breather with mid-caps regaining the lead.
US Market: US markets end the day flat as markets consolidate with earnings of large Corporates due in the next few days.
Nasdaq closes in the red as technology stocks see profit booking.
Bond yields rise further as President Biden reiterates stimulus is coming, which sees yields hit 1.13%.
Oil prices see a further uptick as auto sales see a sharp rise.
Asian Market: Asian markets opened in the red as profit booking was witnessed across the board with the Japanese Nikkei trading lower by over 200 points in early trade.
Most Asian markets have seen a strong outperformance with higher volatility in end January & could now consolidate ahead of earnings.
Chinese stocks will again see volatility as the Central Bank withdraws cash from the system sending short term lending rates to 1 year highs.