SGX Nifty is at 15,351.00 levels, higher 48.90 points. (Updated at 7:45 AM)
The Nifty had another superb session as it closed near the high for the day within a striking distance of the highest ever close for the index.
IT, media, reality & financial services stocks led the gainers while profit booking was seen in metals & energy stocks across the board.
Nifty now just 100 points shy of all-time highs with the mid-cap index already trading at all-time highs will see higher volatility as we head into the highest ever derivative expiry of contracts today.
US Market: US indices close mixed as Dow Jones closes flat while Nasdaq rises over 0.50% as a fall in yields sees money chase technology stocks.
Bond yields trade lower at 1.55% as markets discount higher inflation to be near term one-off.
US$ sees further weakness to trade near 6-year lows.
Asian Market: Asian markets opened weak with profit booking sees across the board as the Japanese Nikkei traded lower by over 250 points.
This as weaker US$ sees weaker Japanese exports which could hurt the earnings for large auto players.
Chinese stocks have been the star this week & could outperform near term on better macro & micro news flow.
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