The SGX Nifty is at 15,844.50, up 95.65 points.
The Nifty had a very volatile session as the morning notes were very weak globally, with the Japanese Nikkei falling over 1000 points, reaching the index number 15505 in early trading.
However, the mid-session buy / short cover index recovered all losses and rose by 70 points.
Bank Nifty rose 313 points from 1000 points to close the day high.
The mid-caps index gained 0.85% and saw strong interest.
Expect another day of volatile trading today as the expiration of derivative contracts adds intraday fluctuations.
U.S. stocks are seeing a strong decline after falling over 1000 points last week.
To see the best day in 3 months the Dow Jones accumulated over 550 points and the Nasdaq is up 0.75%.
The Russell 2000 broader market index closes more than 2%, indicating a strong decline in small and mid-cap stocks. Bond yields rise to 1.48%, while the US dollar is squeezing sales from emerging market currencies.
Japanese Nikkei-led Asian markets opened in the green, trading above 600 points in early trade.
It sees the US $ weakening and yields rise to 1.49%, which is well supported by Asian flows.
The volatility index or VIX is falling from its 3-month high as markets turn further upside after the recent profit booking.