SGX Nifty is at 15,768.80 levels, higher 74.80 points. (Updated at 7:45 AM)
The Nifty had a weak session one day prior to the derivative expiry of contracts as foreign investors booked profit & positioned for an expiry between 15,700-15,800.
Options data suggests the same while the midcap end saw gains as investors see more traction in small & midcap stocks.
For today expect higher volatility as markets brace for the highest ever expiry of derivative contracts ever.
US Market: US stocks see mixed closed as Dow Jones falls 70 points in the last 15 minutes, while Nasdaq closed with gains at fresh new all-time highs.
Bond yields remain flat at 1.48% while US$ sees weakness creep in.
Tapering of bond-buying earlier than expected is keeping markets quiet as they assume the Federal Reserve to talk benign yet act faster than expected.
Asian Market: Asian markets opened on a muted note as overnight the US markets closed flat as markets price in earlier than expected tapering of bond buying by the Federal Reserve.
Technology-related stocks saw positive action in South Korea & Taiwan while the Japanese 'Nikkei' traded flat.
Yesterday saw huge buying action in the Hong Kong market as Chinese stocks listed were most sought after.
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