SGX Nifty indicates positive opening for Indian markets - 18th feb 2021

SGX Nifty is at 15,230.20 levels, up 20.00 points. (Updated at 7:46 AM)

The Nifty saw a weak day after profit booking by local funds saw selling dominate the day even as select PSU stocks bucked the trend to close higher.

IT, pharma & select consumer stocks saw selling pressure which led to the index closing lower by 105 points while the Bank Nifty closed lower by 0.51%.

The breadth was weak as mid-caps also saw profit booking while the stars were from the PSU basket with banks leading the gainers.

US Market: US markets close with gains as Dow Jones closes at fresh all-time highs while Nasdaq sees profit booking to close lower by 0.5%.

Bond yields fall from peak even as consensus builds for higher yields. Oil prices hit 1-year highs as colder weather sees heating demand hit the roof.

Asian Market: Asian markets saw a quiet start as markets reacted to overnight strong close on the Dow Jones with most markets in Asia seeing consolidation.

Chinese stocks will resume trading today after the New Year holidays with futures indicating a very strong start to the market.