SGX Nifty is at 15,338.50 levels, down 2.25 points. (Updated at 7:42 AM)
The Nifty saw another superb day with US markets closed & bears caught napping as Nifty scaled new fresh all-time highs led by banks with the Bank Nifty rising over 3.33%.
Large-cap banks led by Axis, ICICI & HDFC led the gainers while IT & metals saw profit booking even as the broader market saw traction on the upside.
For today expect some consolidation with more beta expected on the mid-caps as large caps take some time off.
US Market: US markets closed for a holiday on Monday with futures trading at new highs indicating strong opening tonight.
Oil prices hit 13-month highs as colder than expected weather sees demand rise.
Bond yields trade near 1-year highs @ 1.20%, with a moderate rise in inflation expected in the near term.
Asian Market: Asian markets saw another strong start as the Japanese Nikkei climbed to 30-year highs.
Most other markets were trading muted after a strong show on Monday.
Financials are in demand as rise in yields bodes well for most US & Asian banks with lending rates expected to rise as credit demand increases.