Sgx Nifty Witnesses Flat Equities

SINGAPORE (GaeaTimes.com)- Sgx (Singapore Stock Exchange) Nifty which closed on Monday at 5,207 has shown a sharp increase for all Indian Equities which was witnessed to be trading at 5,201 on May 11. As an obvious consequence, all Indian equities at Sgx Nifty shall lie flat on Tuesday, as Asian stocks hit the increment charts for the second time in the current phase.

With the bailout plan drawn out for Greece, the policy builders of the European market are setting their hopes high. Besides Sgx Nifty the Nikkei 225 ; the Japanese benchmark index also depicted a steady growth by a margin of 71.25 points at a rate of 0.68%. The last trading reports were recorded at 10,601.95. US stocks seem to be the only one in the happy region as the American stocks witnessed a huge gain which is said to be the years biggest. Reportedly, the Monday market saw the bond prices falling down in accordance to the investors who were reassured about the debt crisis of Europe by USD 1 trillion plan.

SGX Nifty had been trading on gain which saw several Sgx Nifty short coverings which have been a common phenomenon in the phase of May. Sgx Nifty witnessed a heavy discount by 14 points which seems to be a good news for all short term sellers looking out for an opportunity. The Indian ADRs (American Depositary Receipts) majors like Tata Motors and ICICI Bank witnessed a gain percentage of 12 and 10.61 respectively. IT giants Wipro and Satyam Computer scored a gain percentage of 9.45 and 9.05 followed by Sterlite Industries who came out real good with a gain of 10.33%. Apart from the Sgx Nifty, the spot market in accordance to the Dollar Index witnessed a huge increment by 0.063% which was targeted at 84.21.