SGX Nifty indicates positive opening for Indian markets 21th Jan 2021

SGX Nifty indicates positive opening for Indian markets

SGX Nifty is at 14,701.80 levels, up 42.05 points. (Updated at 7:44 AM)

The Nifty saw the best 3-day rally as it scaled new highs with Nifty hitting 14666, a new high with Reliance, Tata Motors & Wipro leading the gainers even as large-cap banks traded flat.

Foreign investors were back again with large buying in key heavyweight stocks.

For today expect 50000 on the Sensex to be the next milestone hit by the markets during the course of the day.

US Market: US markets welcome President Joe Biden with new highs on all indices as Dow Jones jumps 250 points while Nasdaq sees best 3-day rally with over 5% gains this week till now.

Bond yields fall as markets price in stimulus funding with more debt issuance by the Federal Reserve.

Gold prices see a minor bounce even as the asset has fallen over 10% from 2020 highs.

Asian Market: Asian markets opened in the green led by the Japanese Nikkei, which traded higher by 250 points in early trade.

Asian markets have been the best performing markets as money chases higher returns in emerging markets.

Chinese stocks will be closely tracked as most US listed Companies have been under regulatory scrutiny & lost market share due to the overlying fear of being delisted.