SGX Nifty is at 15,477.00 levels, higher 76.00 points. (Updated at 7:42 AM)
The Nifty had another superb day, recording the highest ever close just 50 points of all-time intraday highs.
Banks saw short covering with SBI, Kotak & Axis leading the gainers along with cement & IT leaders as Nifty closed at 15337 after hitting 15387.
Mid-caps also saw renewed buying interest with PSU banks leading the charge.
US Market: US indices close with gains as Dow Jones jumps 150 points while Nasdaq closes flat as jobless claims numbers beat estimates indicating strength in hiring. Bond yields rise to 1.63% which sees money chase banks & book profits in technology stocks.
Asian Market: Asian markets opened in the green led by an over 2% rally on the Japanese Nikkei which crossed the 29000 marks in early trade. The underlying return to normalcy is now seeing higher traction in consumption spending with Chinese auto sales hitting 6-month highs. Chinese stocks could see further gains as mid-cap & small-cap banks see investor interest.
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