SGX Nifty indicates flat to positive opening for Indian markets

For today expect another day of consolidation as Nifty consolidates before attempting to hit and cross 16,000.

June 29, 2021 7:40 IST India Infoline News Service

SGX Nifty is at 15,854.80 levels, lower 6.90 points. (Updated at 7:40 AM)

The Nifty had a weak close as Reliance and profit booking in banks dragged the index lower to close down 45 points.

HDFC Life, Titan, and TCS were the other losers that saw the index hit fresh new all-time highs before closing lower.

Midcaps continued to power ahead closing higher by over 0.50% as small PSU banks & stocks led the gainers.

For today expect another day of consolidation as Nifty consolidates before attempting to hit and cross 16,000.


US Market: US stocks ended at record highs as technology stocks lead Nasdaq and S&P 500 to an all-time closing high.

Dow Jones losses 150 points as bond yields fall hurts banks, while a fall in oil prices sees profit-booking in energy stocks.

Asian Market: Asian markets opened in the red led by the Japanese 'Nikkei' which traded lower by over 200 points in early trade.

However, the Taiwan market hit fresh new all-time highs as technology hardware stocks ruled the roost as money chased higher returns in sectors outperforming in the near term.

The Chinese market has shaped well & could see more colour as smart money buys midcap technology plays in the Chinese internet stocks.

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