SGX Nifty indicates negative opening for Indian markets - March 12, 2021

For today expect Nifty to retest fresh new all-time highs even as mid-caps see a strong buying surge with value buying reemerging.

March 12, 2021 7:40 IST

SGX Nifty is at 15,389.00 levels, down 31.75 points. (Updated at 7:42 AM)

The Nifty saw a superb session on Wednesday as Metals, IT & pharma stocks stole the show with strong gains.

Nifty crossed the 15200 mark intraday before closing up 75 points at 15175.

PSU heavyweights saw profit booking with ONGC & Gail under pressure while metals, IT & pharma stocks led the gainers.

For today expect Nifty to retest fresh new all-time highs even as mid-caps see a strong buying surge with value buying reemerging.

US Market: US stocks see gains for the third day running as Dow Jones scales fresh new all-time highs with Nasdaq also seeing gains as equities regain momentum.

Bond yields fall for the third day to trade near 1.53% as most European markets see a fall in yields.

Oil prices see strength as OPEC continue with output cut.

Asian Market: Asian markets opened in the green led by the Japanese ‘Nikkei’ which has traded with marginal gains even as the rest of Asia seems more bullish.

Chinese stocks after seeing underperform in the last fortnight came back sharply yesterday with mid-caps also seeing higher gains.

For today expect weaker US$ to see gains in most Asian stocks, currencies & bonds.