The Indian stock market is expected to open on a positive note as trends on SGX Nifty indicate a positive opening for the index in India with a 37 points gain.

The Indian stock market is expected to open on a positive note as trends on SGX Nifty indicate a positive opening for the index in India with a 37 points gain.

The S&P BSE Sensex fell 400.34 points to 51,703.83 on February 17 while the Nifty50 index declined 104.60 points to 15,208.90.

According to pivot charts, the key support levels for the Nifty are placed at 15,148.37, followed by 15,087.83. If the index moves up, the key resistance levels to watch out for are 15,291.87 and 15,374.83.

 

US Markets

The Nasdaq closed lower while the S&P 500 was little changed on Wednesday as investors rotated out of technology shares and concerns about inflation added some pressure on stocks.

The Dow Jones Industrial Average rose 91.65 points, or 0.29%, to 31,614.4, the S&P 500 lost 1.16 points, or 0.03%, to 3,931.43 and the Nasdaq Composite dropped 82.00 points, or 0.58%, to 13,965.50.

 

Asian Markets

Asian markets were set for sideways trade at Thursday’s open as lingering pandemic concerns pushed against stronger economic data, and with little firm direction from Wall Street.

Australia’s benchmark S&P/ASX 200 index was down 0.1% in early trading, while Japan’s Nikkei 225 futures were up 0.05%. Hong Kong’s Hang Seng index futures were down 0.2%.

 

SGX Nifty

Trends on SGX Nifty indicate a positive opening for the index in India with a 37 points gain. The Nifty futures were trading at 15,233 on the Singaporean Exchange around 07:30 hours IST.

source https://www.mcxfree.tips/tips/the-indian-stock-market-is-expected-to-open-on-a-positive-note-as-trends-on-sgx-nifty-indicate-a-positive-opening-for-the-index-in-india-with-a-37-points-gain/