SGX Nifty indicates positive opening for Indian markets

Asian markets saw gains in early trade as bull markets resumed uptick with Japanese Nikkei clocking gains of over 250 points in early trade.

February 03, 2021 7:46 IST India Infoline News Service

SGX Nifty is at 14,782.20 levels, up 43.50 points. (Updated at 7:46 AM)

The Nifty saw another blockbuster day with bank Nifty leading from the front & ending higher @ fresh new all-time highs.

Large-cap banks like HDFC, Kotak & HDFC Bank saw huge buying interest as foreign investors were back with a bang.

Broader markets also saw gains as markets in 'risk-on' trade with industrials leading the rally.


US Market: US markets see another big gains day with Dow Jones closing higher by 475 points while Nasdaq ending higher by over 1.5%.

Bond yields rise to over 1.12%, the highest in over 10 months while oil sees smart rally.

Game Stop sees huge sell-off with shorts covering positions as markets ground back to reality.

Asian Market: Asian markets saw gains in early trade as bull markets resumed uptick with Japanese Nikkei clocking gains of over 250 points in early trade.

US$ sees weakness which will bode well for emerging markets with most Asian markets seeing positive inflows.

Expect further gains on currency, bonds & stocks with Chinese data being key for industries.

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