SGX Nifty is at 14,904.80 levels, down 12.25 points. (Updated at 7:42 AM)
The Nifty saw a smart pullback 2nd day running gaining over 330 points as IT, metals & industrials led the gainers with mid-caps also joined in the rally.
Banks also participated in the gains but were volatile as higher yields in the US markets saw bouts of profit booking intra day.
For today expect some more consolidation with holiday-shortened week seeing profit booking in 2nd half even as both local & foreign investors turn buyers.
US Market: US stocks see profit booking as Dow Jones closes down 100 points while Nasdaq closes flat after a volatile session.
Bond yields hit 14 month high @ 1.77% before closing lower @ 1.71%.
Oil prices see further downtick as Suez Canal reopens & supply issues get sorted. All eyes on earnings calendar as technology tocks to post record profits.
Asian Market: Asian markets opened mixed with the Japanese Nikkei seeing profit booking, trading lower by 150 points while the South Korean & Australian markets seeing gains across the board.
Chinese stocks will be in action as PMI numbers beat estimates indicating growth momentum in the economy is back.