SGX Nifty is at 13,769.80 levels, down 25.70 points. (Updated at 7:42 AM)
The Nifty rallied to another fresh high as HDFC twins & TCS held steady while the broader market saw some profit booking.
Bank Nifty closed near the highs for the last 8 months as HDFC & Kotak drove the winners.
For today expect some more consolidation while the broader sees another day of profit booking even as the large cap heavyweights hold the fort.
US Market: US markets end at fresh new all time highs as markets ignore all negative's to move ahead as sheer weight of liquidity driving equities to all time highs.
Bond yields remain near 0.93% as Federal Reserve indicates easy money policy to remain.
US$ heads near 90 which drives emerging markets higher as risk on trade gathers momentum.
Asian Market: Asian markets opened muted with the Japanese 'Nikkei' trading almost flat after seeing the highs for 2020.
Most emerging markets ex Japan in Asia continue to see huge ETF flows as weaker US$ sees big trend reversal for emerging markets from under to out perform.
Chinese stocks have been relative underperformers in this emerging market rally & could see 2021 also giving muted returns.
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