SGX Nifty is at 13,633.50 levels, up 15.50 points. (Updated at 7:42 AM)
The Nifty saw intra day swings of almost 140 points as 2nd half buying by foreign investors saved the day with Nifty closing flat.
Bank Nifty also recovered most losses to close down 55 points before being down 400 intraday.NBFCs, metals & auto were the gainers while pharma & PSU banks were the losers.
For today expect some more gains as foreign flows & liquidity are calling the shots in the short term.
US Market: US markets end with smart gains as investors await Federal Reserve monetary outlook meet on Wednesday.
Bond yields remain unchanged near 0.91% even as inflation expected to rise.
Technology stocks lead the rally as Nasdaq nears fresh new all time highs again this month.
Stimulus package, Federal Reserve outlook on bond market & rising Covid cases all will determine the course of the market this week.
Asian Market: Asian markets opened in the green led by the Japanese "Nikkei' as most indices traded with marginal gains.
The market participants will await the Federal Reserve policy outlook which could impact the US$ & hence flows into other markets particularly emerging markets.
Chinese stocks are seeing buying support after being under performers in November.
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