SGX Nifty indicates positive opening for Indian markets 20th Jan 2021

SGX Nifty is at 14,512.80 levels, up 28 points. (Updated at 7:54 AM)

The Nifty saw the best rally of the month as short-covering/value buying saw the index jump 250 points.

Bank Nifty also joined the party to climb 600 points or 1.93% as large-cap banks saw a huge buying interest.

The breadth was positive even as foreign investors buying was the lowest for the month.

Sensex regained 49500 & now again rekindles hopes for 50000 to be hit this week.

US Market: US markets start the week with gains as technology stocks lead the Nasdaq higher by over 1.5%.

Dow Jones closes higher by 115 points as markets look forward to new President-elect swearing-in & stimulus announcement.

Janet Yellen sounds bullish on US$ with fixed-rate regime which could see emerging markets take a setback.

Asian Market: Asian markets opened in the red as markets turned cautious ahead of the swearing in of the new US President and with new Federal Reserve head Janet Yellen sounding concerned over weakness in US$ which could spell bad news for emerging markets & the global equity rally.

Chinese stocks see profit booking after hitting new 5 year highs.