SGX Nifty is at 17,978.20 levels, lower 30.80 points. (Updated at 7:38 AM).
The Nifty saw a close in the red after 2 days of gains as foreign investors sold aggressively with metals, FMCG, and banks seeing profit booking.
Auto stocks saw renewed buying interest as M&M results beat estimates with Tata Motors joining the rally.
Mid-cap 50 index closed higher by 1% even as the large caps saw profit booking.
For today expect stocks specific action as large caps remain under pressure from global cues & foreign selling.
US Market: US markets close in the red after 6 straight sessions of gains as profit booking sees Dow Jones fall over 250 points intraday before closing down 112 points.
Nasdaq hits fresh new all-time highs before closing lower by 95 points as across the board profit booking sees equities react to higher crude prices. Bond yields closed at 1.46% while crude rallies strongly gained over 2.87%.
Asian Market: Asian markets opened muted with the Japanese Nikkei trading lower by 50 points in early trade while most other Asian markets trade flat to mildly in the red.
Taiwanese market has been an outperformer as flows from foreign investors drive stocks related to chips & manufacturing hardware.
Chinese stocks have been dealing with the default of 'Evergrande’ & now another large reality player is finding it difficult to service debt obligations.