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 23 points gain.
Sensex closed 639 points, or 1.22 percent, higher at 52,837.21 while the Nifty settled at 15,824.05, up 192 points or 1.23 percent.
According to pivot charts, the key support levels for the Nifty are placed at 15,755.33, followed by 15,686.67. If the index moves up, the key resistance levels to watch out for are 15,863.73 and 15,903.47.
US Markets
US stock markets closed higher after a mixed trading session as investors digested negative economic data reflecting the country's struggle to move past the COVID-19 pandemic, while yields on safe-haven assets such as US Treasuries slipped.
The Dow Jones Industrial Average rose 25.35 points, or 0.07%, to close at 34,823.35, the S&P 500 gained 8.79 points, or 0.20%, to end the day at 4,367.48 and the Nasdaq Composite added 52.64 points, or 0.36%, to close at 14,684.60.
Asian Markets
Shares in Asia-Pacific were lower in Friday morning trade as investors monitor Chinese tech stocks in Hong Kong after regulatory concerns resurfaced. South Korea’s Kospi sat below the flatline in early trade. In Australia, the S&P/ASX 200 shed 0.18%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.07% lower.
SGX Nifty
Trends on SGX Nifty indicate a positive opening for the index in India with a 23 points gain. The Nifty futures were trading at 15,837 on the Singaporean Exchange around 07:00 hours IST.