SGX Nifty is at 12,431.80 levels, up 74.25 points. (Updated at 7:35 AM)
For today, expect a gap up opening as global cues turn positive with Nifty nearing new highs on the cards. Mid caps should see more action as markets look for value near all time highs.
The Nifty saw a superb weekend with Nifty scaling 12250 with ease as Reliance led the rally with gains of over 3.5%. Bank Nifty continued to outperform adding another 1.85% for its best week in over 6 months.
US Market: US stocks end the best week since March as indices roar back with Nasdaq leading the technology charge.
Bond yields see further fall as markets undecided on cost of money with large stimulus in the offing.
Oil prices also see leg up as global growth seems better placed.
Asian Market: Asian markets opened well in the green led by the Japanese Nikkei which traded well over 450 points in early trade as Asian equities welcomed the end of uncertainty over the US elections.
Expectations of a big stimulus package by the new US President will see markets awash with liquidity & equities could rule the roost in the near term.
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