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 52 points gain.
The BSE Sensex rallied 230.01 points to 52,574.46, while the Nifty50 climbed 63.10 points to close at 15,746.50 and formed bullish candle on the daily charts.
According to pivot charts, the key support levels for the Nifty are placed at 15,579.73, followed by 15,412.97. If the index moves up, the key resistance levels to watch out for are 15,839.23 and 15,931.97.
US Markets
Wall Street rallied on Monday, with the Dow completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as the economy rebounds from the pandemic.
The Dow Jones Industrial Average rose 1.76% to end at 33,876.97 points, while the S&P 500 gained 1.40% to 4,224.79. The Nasdaq Composite climbed 0.79% to 14,141.48.
Asian Markets
Asian markets rose in Tuesday morning trade, with shares in Japan leading gains among the region’s major markets. Nikkei 225 jumped 2.33% in morning trade. The Topix index gained 2.53%.
SGX Nifty
Trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain. The Nifty futures were trading at 15,781 on the Singaporean Exchange around 07:30 hours IST.