SGX Nifty is at 14,220.20 levels, down 21.25 points. (Updated at 7:40 AM)
The Nifty saw another new high day as Nifty crossed 14200 with banks leading the rally coupled with IT stocks hitting fresh new all-time highs.
The breadth was evasive as metals, pharma, auto & select industrials saw profit booking while mid-caps also saw strength for another day as retail flocked to high beat counters.
For today expect some consolidation with sectoral rotation as banks make a comeback with defensives taking a back seat.
US Market: US markets bounce back after a choppy session as investors await the outcome of Georgian election results to determine yields curve trend.
Oil sees sharp rally to breach US$ 50 1st time since February as Saudi Arabia puts pressure in supplies.
Bond yields end the day above 9.95% as markets await further stimulus package & US$ trend before committing flows.
Asian Market: Asian markets opened flat after the US markets saw huge intraday volatility & ended higher.
All eyes on the Senate election results as markets on a tightrope given the extent of the rally & profit booking just round the corner.
The Japanese 'Nikkei' saw sharp early trend reversal as stronger US$ bode well for exporters while local demand could get hit in the near term.
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