SGX Nifty is at 16,318.50 levels, higher 36.90 points. (Updated at 7:50 AM)
The Nifty closed flat on a volatile day as the index swung over 175 points. This as the negative divergences in large and midcap stocks saw panic selling in midcaps as the index plunged over 2% with this week's losses at over 4%.
However, strong in the second half value buying coupled with short covering saw the index recover to close down 0.2% with the Nifty closing flat.
For today expect some consolidation as both foreign and local funds turn buyers with exchange-related clarification on margin in volatile scripts clearing uncertainty.
US Market: US indices close mixed as lower than expected inflation growth spurs return of money into financials and cyclical with Dow Jones gaining over 220 points to close at a fresh record high.
Nasdaq sees profit booking to close in the red as money rotates out of technology and into cyclical.
Asian Market: Asian markets opened with gains led by the Japanese 'Nikkei' which traded higher by over 125 points in early trade.
This as bond yields hit 1.32% in the US with the US$ trading at 92.9 as profit booking dragged it lower.
Chinese stocks will be in action as growth figures for manufacturing are released this week.