SGX Nifty is at 15,748.50 levels, higher 49.50 points. (Updated at 7:48 AM)
The Nifty had a volatile session as profit booking emerged in large-cap stocks as Reliance, SBI, HDFC & ICICI bank saw profit booking while the broader markets continued to outperform.
Bank Nifty led the weakness as RBI Governor maintained the status quo on rates that were already discounted by the markets.
The index fluctuated by over 100 points before last hour buying saw the Nifty close down 20 while the Bank Nifty lost 350 points.
US Market: US markets closed with gains as jobs numbers come less than expected which reduces the threat of rising yields & sees technology stocks stage a smart comeback.
Bond yields fall to 1.57% even as US$ slips to 90.
Oil prices also see declines after the smartest week in the last 2 years.
Asian Market: Asian markets traded mixed with the Japanese Nikkei trading higher by 100 points but off the morning highs while the South Korean Kospi traded flat.
Markets will await more data from China as exports are set to report jump, seeing more legs to mid-caps.
However, most equity markets globally look overbought with much overdue correction round the corner.
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