SGX Nifty is at 14,788.20 levels, up 166.00 points. (Updated at 7:44 AM)
The Nifty saw a smart pull back on Friday after the drubbing received on the previous 2 days as banks & pharma stocks led the gainers.
Mid-caps also joined the rally with markets recovering from oversold territory.
This holiday-shortened week will see some consolidation with global cues positive & local news seeing a surge in Covid cases.
US Market: Dow Jones closes at fresh all-time highs as markets look for a huge bout of spending from fresh stimulus money & better earnings from Corporates this quarter.
Bond yields also see the rise as volatility increases as big hedge funds lose money in Chinese internet stocks which see banks tighten liquidity.
Asian Market: Asian markets opened in the green led by the South Korean 'Kospi' which after almost 1-month consolidation look set to resume upside as Chip shortage to drive Corporate earnings.
Chinese stocks will see some collateral damage as their US-listed internet stocks see the worst sell-off in over 1 year.
Most other Asian markets set to outperform on the upside as earnings & business outlook improves.