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SGX Nifty indicates positive opening for Indian markets

Asian markets opened mixed with the Japanese 'Nikkei' closed for a holiday while other markets were seen consolidating after the recent run-up.

November 03, 2021 7:36 IST India Infoline News Service

SGX Nifty is at 17,964.50 levels, higher 41.55 points. (Updated at 7:36 AM).

The Nifty saw a small range for the day with profit booking above 18000 dragging the index to close lower by 40 points.

The outperformer was the Bank Nifty which closed with gains of over 170 points as PSU banks led the gainers with SBI leading the charge.

Metals, IT and pharma stocks saw profit booking while banks, reality, and auto led the gainers.

US Market: US markets closed at fresh new all-time highs as Dow Jones crosses mount 36000.

Bond yields remain unchanged near 1.55% while the US$ index hits 94.10. Auto, banks, and gas utilities see buying while energy stocks see profit booking.

Asian Market: Asian Market: Asian markets opened mixed with the Japanese 'Nikkei' closed for a holiday while other markets were seen consolidating after the recent run-up.

Chinese stocks have been underperformers for 2021 but foreign investors are placing huge bets on 2022 being the year for Chinese stocks as manufacturing bounces back.

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