SGX Nifty indicates positive opening for Indian markets
For today expect more interest in mid-caps as foreign investors turn buyers after almost 5 days of selling which could see smart money chase mid-caps as large-cap see institutional interest.
SGX Nifty is at 14,866.80 levels, higher 86.30 points. (Updated at 7:42 AM)
The Nifty saw another superb day with the index crossing last week's highs & closing above 14700.
Auto, metals & IT stocks lead the gainers as mid-caps again outperformed for 3rd day running.
For today expect more interest in mid-caps as foreign investors turn buyers after almost 5 days of selling which could see smart money chase mid-caps as large-cap see institutional interest.
US Market: US indices close with gains as Dow Jones hits fresh new all-time highs on the back of stronger than expected jobs data.
Gold hits 3-month highs as it closes above US$1800 while oil prices see some profit booking.
Bond yields slip further to 1.57% as markets look for stronger asset class recovery.
Asian Market: Asian markets opened in the green led by the Japanese 'Nikkei' which traded higher by 100 points after clocking gains of over 2% yesterday.
The strength in US data coupled with the re-opening of normalcy is seeing the spill-over effect in Asian markets also.
Auto stocks see buying after VW ups guidance for the year on strong sales pitch.
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