SGX Nifty is at 16,238.20 levels, higher 88.25 points. (Updated at 7:48 AM)
The Nifty had a superb day as foreign investors who have been sellers for the last month turned buyers with the Nifty powering its way past 16000 in style closing higher by over 245 points.
Also, regional money allocated is seeing a shift from the volatility in China to relative stability in India which saw huge buying by foreign investors.
Large caps were the main gainers as money was directed specifically to index heavyweight recent outperformers.
US Market: US stocks bounce back to close at an all-time high as Dow Jones crosses 35,100 with global cues prompting a strong rally.
Bond yields remain unchanged near 1.17% while US$ also closes flat at 92.07.
Banks, industrials lead the rally with technology stocks also seeing buying interest.
Asian Market: Asian markets opened flat on Wednesday as the Japanese 'Nikkei' was trading mildly in the red as profit booking was witnessed in early trade.
The volatility in Chinese stocks is seeing regular bouts of profit booking in the region as markets await more stability in Chinese listed “A” shares in Hong Kong the epicenter of the volatility.