SGX Nifty indicates positive opening for Indian markets - 15th feb 2021

For today, expect some more consolidation as markets see more action in mod caps as large caps take a breather.

SGX Nifty is at 15,247.50 levels, up 38 points. (Updated at 7:42 AM)

The Nifty saw a volatile session with morning gains getting wiped out in the 2nd half as local funds sold aggressively while foreign buying was absent as markets succumbed to profit booking.

Nifty saw intraday moves of 162 points to close down 10 points.

Bank Nifty was the star for the day closing higher by 350 points as large-cap banks led by ICICI, AXIS & HDFC led the gainers while PSU heavyweights led the index lower.

For today, expect some more consolidation as markets see more action in mod caps as large caps take a breather.

US Market: US markets close at record highs as Nasdaq closes above 14000 while S&P 500 index also hits fresh new all-time highs.

Bond yields rise to fresh one-year highs @ 1.20% while oil prices see the best week in over 6 months as global growth expectations see future demand rise get priced in higher oil futures.

Asian Market: Asian markets saw a strong start with the Japanese Nikkei leading the indices higher, climbing the 30000 mark after almost 30 years.

Growth numbers in last quarter beat estimates as the Japanese economy rebounded stronger than expected.

Most other Asian markets will remain closed for the New Year holiday which could see less volumes call the shots this week.