SGX Nifty is at 16,537.80 levels, lower 13.30 points. (Updated at 7:50 AM)
The Nifty closed at a fresh new all-time high led by M&M, Bajaj Finance, and Tata Steel as front liners drive the index higher while broader markets continue to see profit booking.
This even as metals stage a superb rally on rising global prices while stronger US$ bodes well for IT stocks.
For today expect some consolidation even as global cues turn mixed with the US stocks hitting fresh highs while Asian markets struggle with restrictions.
US Market: US indices end at an all-time high after a huge day of volatility as Dow Jones swings over 400 points before closing higher by 100 points.
Nasdaq closed mildly in the red despite being down over 175 points in intraday trades.
US 10-year yields closed at 1.25% as markets fear growth may not pick up as Covid cases see an increase globally.
Asian Market: Asian markets opened muted with the Japanese 'Nikkei' trading mildly in the green after seeing weakness in the last 3 sessions as more restrictions on business due to rising Covid cases acts as a damper for most Asian markets.
Chinese data was below consensus estimates which saw profit booking yesterday even as a business rebound to pre-Covid days will see more growth in coming months