SGX Nifty indicates flat opening for Indian markets

3 Jan 2022 , 07:40 AM

SGX Nifty is at 17,414.50 levels, lower 22.75 points. (Updated at 7:40 AM)

The Nifty saw a smart close to the year as the index bounced over 150 points as fresh buying by both local and foreign funds saw the breadth turn positive with banks also seeing buying interest.

The Nifty next 50 index was the top gainer with a 1.54% upside. Banks, metals, and PSU stocks lead the gains while IT stocks saw profit booking.

US Market: US markets on Friday closed in the red as the last day of the year see profit booking in technology stocks. Nasdaq closes lower by nearly 100 while Dow Jones closes lower by 50 points.

Bond yields remain lower near 1.50% while the US$ index closes at 3-week lows near 95.72.

Asian Market: Asian markets opened in the green with the Taiwan index hitting a fresh new all-time high even as the other markets traded higher.

The Japanese ‘Nikkei’ is closed for the New Year holiday while the Hang Seng index is trading well in the green as the Hong Kong markets make a comeback after being the worst performing in 2021.