The SGX Nifty marks a favorable start for the Indian market

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. market

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.

Asian market

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.

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