SGX Nifty is at 14,764.00 levels, up 0.50 points. (Updated at 7:38 AM)
The Nifty saw a volatile session end in the green as markets recovered from the sell-off on Monday with a gain of 45 points.
Bank Nifty continued to languish closing lower by 175 points as foreign investors continued to sell financials.
Pharma, metals & IT sectors saw gains even as markets see rising Covid 2nd wave as near term negative with banks & industrials seeing profit booking.
US Market: US stocks see profit booking after relentless gains from last week as Dow Jones closes lower by 100 points while Nasdaq closes flat.
Bond yields fall to 1.67% as markets price in no near term inflation effect given worldwide 2nd wave of Covid causing disruption.
US$ sees further weakness as rally peters out near 93.5.
Asian Market: Asian markets opened muted with the Japanese Nikkei trading higher by 100 points even as most other Asian markets resumed trading today after the long Easter weekend.
Chip shortage will see most South Korean & Taiwan markets see more color as Corporates prepare for highest ever order backlogs.
Chinese stocks have disappointed not participating in the rally & could be a dark horse for this month.