Good Morning All,
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 50 points gain.
The BSE Sensex climbed 282.29 points to 43,882.25 on November 20 while the Nifty50 rose 87.30 points to 12,859 amid consolidation.
According to pivot charts, the key support levels for the Nifty is placed at 12,761.97, followed by 12,664.93. If the index moves up, the key resistance levels to watch out for are 12,924.27 and 12,989.53.
US Markets
US stocks closed lower on Friday as investors wrestled with fiscal stimulus developments, concerns over a lengthy rollout of vaccines, and a growing number of state-level shutdowns to combat the spiraling COVID-19 pandemic.
The Dow Jones Industrial Average fell 219.95 points, or 0.75%, to 29,263.28, the S&P 500 lost 24.22 points, or 0.68%, to 3,557.65 and the Nasdaq Composite dropped 49.74 points, or 0.42%, to 11,854.97.
Asian Markets
A broad gauge of Asian shares edged up to record highs on Monday morning as hopes for imminent coronavirus vaccines buoyed investor sentiment, but worries over the impact of economic lockdowns and uncertainty over U.S. stimulus capped gains. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.38%.
Trading activity was thin early in the Asian day, with Japanese markets closed for a holiday. Nikkei futures added 0.16% to 25,785 and Seoul’s Kospi was 0.84% higher.
SGX Nifty
Trends on SGX Nifty indicate a positive opening for the index in India with a 50 points gain. The Nifty futures were trading at 12,932 on the Singaporean Exchange around 07:30 hours IST.