SGX Nifty is at 14,272.50 levels, up 17.50 points. (Updated at 7:45 AM)
The Nifty saw a volatile day with the index closing near the lows for the day as intraday volatility saw the index oscillate between highs of 13256 & lows of 13123 before closing flat down 7 points.
Bank Nifty scaled the 32000 mark as PSU banks led the rally with mid-cap banks while large banks saw profit booking.
For today expect more traction on mid-caps as value now outperforming growth.
US Market: US markets hit fresh all-time highs as Nasdaq bounces back with over 2.5% rally & crosses 13000 with ease.
Expectations of the large package from new President-elect is seeing globally equities at all-time highs.
US$ sees fresh bout of weakness with bond yields hitting year highs @ 1.07%. Oil another catalyst for global growth sees the highest close for last 1 year.
Asian Market: Asian markets opened in the green led by the Japanese 'Nikkei' which traded higher by over 370 points in early trade & this after yesterday's steady nearly 500 point rally.
The penchant to own stocks is getting louder as a vaccine for Covid sees globally all Government's act in tandem & normalization of pre Covide lifestyle driving growth stocks to new highs.
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