SGX Nifty marks a positive start for Indian markets

The SGX Nifty is at 15,878.20, up 20.15 points.

The Nifty had a positive day after a volatile day as lost Asian markets closed in the red.

It closed 1 month high again in the style of IT stocks.

In fact, both public sector companies and auto saw profit bookings because IT stocks have made a profit.

Even if macro data and results beat ratings we can still expect some more integration today.

US Stock Market:

U.S. stocks closed mixed as the Dow Jones rose all the time before closing somewhat in green, while Nasdaq closed in red on the back of gains.

Federal Chairman Powell said in his policy view weak labor markets and no change in bond purchases.

Bond yields fall 1.33%, closing US dollar weakness to 92.32.

Asian Stock Market:

Asian markets traded up 200 points on the Japanese ‘Nikkei’ with profit bookings, while Taiwan and South Korean markets hit new highs as chip demand was reported by a large number of corporates.

The Chinese growth data will be taken seriously as the consensus at 8.1% can be seen to be reversed.

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