SGX Nifty is at 15,003.80 levels, higher 65.75 points. (Updated at 7:40 AM)
The Nifty succumbed to profit-booking in large-cap stocks in the last hour as weak global cues saw local funds selling intensify, leading the index lower by over 125 points.
Bank Nifty also saw weakness falling nearly 1% as ICICI, HDFC & Kotak saw selling pressure.
The real revelation has been mid-cap stocks resilience in this fall with new highs being hit as markets chase value rather than growth.
US Market: US indices close with gains as stronger than expected jobless claims see bond yields taper off to 1.62%.
Dow Jones climbs over 0.5% while Nasdaq outperforms with gains of over 1.75%.
Cryptocurrencies see pullback with technology stocks seeing huge buying interest as results beat estimates.
Asian Market: Asian markets opened in the green led by a strong rally overnight in the US markets.
Technology stocks led the gainers as the Taiwan market rose over 2% in early trade.
Chinese stocks will again be in the limelight as strong manufacturing data could see more ETF flows into stocks.
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