SGX Nifty is at 17,271.80 levels, lower 119.00 points. (Updated at 7:45 AM).
The Nifty saw a super flop day after 2 days’ gains on Friday with the index giving back all it gained on Thursday as Reliance led the fall.
Nifty ended lower by 200 points even as it saw volatility of over 300 points. Bank Nifty also succumbed to profit-booking with intraday swings of over 800 points.
Reliance, Kotak Bank, Asian Paints were the main losers while IOC, BPCL, and ONGC lead the gainers.
US Market: US markets on Friday ended the session on a mixed note with Dow Jones closed 53 points down while Nasdaq seeing massive profit booking to close lower by over 290 points.
Bond yields closed near 1.34% the lowest in over 3 months while the US$ index close almost unchanged at 96.10.
Asian Market: Asian markets opened mixed with the Japanese 'Nikkei' seeing profit booking in technology stocks to trade lower by almost 180 while South Korea and Taiwan markets recovered early losses to trade marginally lower.
Chinese stocks will be in action as data suggests strength in coming 2022 as manufacturing activity is expected to outperform.