SGX Nifty indicates positive opening for Indian markets 25th Jan 2021

SGX Nifty is at 14,531.20 levels, up 111.30 points. (Updated at 7:48 AM)

The Nifty saw its steepest cut this month as bank stocks saw selling pressure with the Bank Nifty falling over 1000 points.

Nifty closed lower by over 200 points, the highest fall this month in January.

Metals, banks & industrials led the fall while auto & consumer stocks bucked the trend to close higher.

For today, expect higher opening as Reliance results beat street estimates with the beat on all counts, which could see bears scramble for cover in early trade.

US Market: US markets see mixed close on Friday as Dow Jones falls 170 points while Nasdaq closes at another fresh all-time high.

Bond yields stay unchanged @ 1.09% even as oil prices remain the same.

Markets look forward to the US$ 1.9 trillion stimuli announced by new President-elect Joe Biden & how fast he could get the same passed in the house.

Asian Market: Asian markets opened mixed with the Japanese Nikkei & South Korean Kospi index trading in the green as institutional investors are maximum over weight on South Korea & India in flows.

Chinese stocks will again regain attention as manufacturing numbers this week could see GDP estimates expand as business activity returns to pre Covid levels.