SGX Nifty is at 15,775.00 levels, lower 57.00 points. (Updated at 7:45 AM)
The Nifty had a positive session till the last hour where weak EBIT guidance by Tata Motors saw a wave of profit booking which saw the index close in the red after hitting new highs at 15,915.
The Nifty saw intraday swings of over 115 points, while the star was the Bank Nifty which closed higher by 387 points after being up nearly 600 points in intraday trades.
HDFC Bank and Kotak Bank led the gainers while the Bajaj twins & cement large caps also contributed hitting fresh new all-time highs.
US Market: US stocks ended mixed after a volatile session as Dow Jones closed lower by 200 points after being down over 400 intraday.
Nasdaq closed in the red at a fresh new all-time high as markets shift from value to growth as Amazon hits all-time highs at US$3685 clocking market cap at over US$1.85 trillion.
Bond yields fall to 1.35% or six-month lows while oil prices fall 3%.
Asian Market: Asian markets opened in the red led by the Japanese ‘Nikkei’ which was down over 200 points in early trade.
Taiwan stocks saw consolidation after hitting a fresh new all-time high as markets paused for breath after the superb rally.
The Chinese stocks have been under pressure as Government action on the internet and start-up Corporates are seeing a ripple effect in Hong Kong markets.
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