SGX Nifty is at 15,076.50 levels, down 33.75 points. (Updated at 7:42 AM)
The Nifty saw a volatile session with the index giving up most gains from the day’s highs as profit-booking by foreign investors saw the Nifty close higher by 18 points after being up nearly 170 points intraday.
Bank Nifty proved the drag as it saw gains of over 600 points get sold into to close almost flat.
Mid-cap saw some winners as the index closed in the green with select PSU small-cap banks being the big gainers.
US Market: US Senate clears stimulus package for US$1.9 trillion which sends bond yields higher to hit 1.60%.
Dow Jones hits fresh highs at 32148 intraday before closing at 31808 as sharp fall in Nasdaq sees bout of profit booking with Nasdaq closing lower by over 300 points.
Investors rotated out of technology & into cyclical with Nasdaq underperforming the Dow Jones.
Asian Market: Asian markets opened in the green led by marginal gains in the Japanese ‘Nikkei’ as markets consolidate the recent volatile moves caused by rising bond yields & spike in crude prices.
Chinese stocks have been under the weather as the Hong Kong indices see changes in composition which have seen sentiment get dampened in other Asian markets also.