SGX Nifty is at 16,642.00 levels, higher 90.95 points. (Updated at 7:48 AM)
The Nifty closed at fresh a new all-time high even as a breadth of the market left much to be desired.
Technology stocks enter a new orbit as TCS, Wipro and Tech Mahindra hit a fresh new all-time high with Chinese selloff seeing huge buying in Indian IT stocks for foreign investors.
Midcap stocks continue to feel the heat with selloff persisting another day.
Expect some consolidation for the index with broader markets being key for further upside.
US Market: US indices ended in the red after seeing huge volatility as Dow Jones closed lower by 280 points after being down over 450 points.
Nasdaq closed lower by 135 after being down over 250 points. Bond yields closed unchanged near 1.26% even as US$ closed above 93.
Global concerns over earlier than expected tapering see bouts of profit booking with technology stocks bearing the brunt.
Asian Market: Asian markets opened in the green led by the Japanese 'Nikkei' traded higher by over 100 points in early trade.
Asian markets have been seeing profit booking due to the Chinese tech selloff and the chip shortage which is hurting Taiwan and South Korean markets main Corporates.
For today expect some consolidation as Chinese stocks to see buying interest as valuations become very attractive.