SGX Nifty is trending positive even as the overnight US markets saw weakness on weak jobless data. Indian benchmark indices after a bloodbath yesterday opened positively. Nifty held above 12900, while Sensex gained 170 points to 43998.
Sebi's meet is also seen to have a bearing on the markets today with main agenda being reducing settlement date to T+1.
Tanla Platforms on another acquisition by Vantage Equity Fund and Massachusetts Institute of Technology hit a fresh new 52-week high. The counter is on a high ever since March collapse. This is the third straight when the stock has hit new fresh high.
Siemens is also trading higher by 5 percent after its modest Q2FY21 result. The company declared a dividend of Rs. 7 per share of Rs 2 each for the financial year ended September 2020.
Further there is a nationwide PSU strike announced against government policies.
Meanwhile, the Asian markets are trading mixed with Japan's Nikkei up by as much as 0.66 percent.