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 43 point gain.
The BSE Sensex rose 14.61 points to 44,632.65 on December 3 while the Nifty50 rose 20.10 points to 13,133.90.
According to pivot charts, the key support levels for the Nifty is placed at 13,089, followed by 13,044.1. If the index moves up, the key resistance levels to watch out for are 13,197.7 and 13,261.5.
US Markets
The Nasdaq Composite Index closed at a record high on Thursday, lifted by Tesla Inc, while the S&P 500 fell after a report indicated that Pfizer Inc had slashed the target for the rollout of its COVID-19 vaccine.
The Dow Jones Industrial Average rose 0.29% to end at 29,969.52 points, while the S&P 500 lost 0.06% to 3,666.72. The Nasdaq Composite climbed 0.23% to 12,377.18.
Asian Markets
Investors in Asia geared up for modest stock gains on Friday as US legislators wrangled over a fiscal stimulus and negotiations over a Brexit trade deal continued.
MSCI’s gauge of stocks across the globe shed 0.02%. Australia’s S&P ASX 200 rose 0.26%. Japan’s Nikkei 225 futures added 0.13% and Hong Kong’s Hang Seng index futures were flat.
SGX Nifty
Trends on SGX Nifty indicate a positive opening for the index in India with a 43 point gain. The Nifty futures were trading at 13,246 on the Singaporean Exchange around 07:30 hours IST.