The BSE Sensex rallied more than 500 points to 59,333, while the Nifty50 rose 124 points to 17,659 and formed bearish candle on the daily charts as the closing was higher than opening levels. As per the pivot charts, the key support level for the Nifty is placed at 17,621, followed by 17,583. If the index moves up, the key resistance levels to watch out for are 17,708 and 17,757.US MarketsThe Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation.The Dow Jones Industrial Average rose 27.16 points, or 0.08%, to 33,336.67, while the S&P 500 slid 2.97 points, or 0.07%, to 4,207.27 and the Nasdaq Composite dropped 74.89 points, or 0.58%, to 12,779.91.Asian MarketsJapan stocks surged on return to trade, while shares in the Asia-Pacific were mixed on Friday following strong gains in the previous session as investors digested the U.S. inflation report.The Nikkei 225 briefly rose 2% and hovered close to that level, while the Topix index rose 1.83%. Japanese markets were closed Thursday for a holiday. In Australia, the S&P/ASX 200 shed 0.69%. South Korea's Kospi gave up early gains to fall 0.26%. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.21%.
The BSE Sensex rallied more than 500 points to 59,333, while the Nifty50 rose 124 points to 17,659 and formed bearish candle on the daily charts as the closing was higher than opening levels. As per the pivot charts, the key support level for the Nifty is placed at 17,621, followed by 17,583. If the index moves up, the key resistance levels to watch out for are 17,708 and 17,757.US MarketsThe Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation.The Dow Jones Industrial Average rose 27.16 points, or 0.08%, to 33,336.67, while the S&P 500 slid 2.97 points, or 0.07%, to 4,207.27 and the Nasdaq Composite dropped 74.89 points, or 0.58%, to 12,779.91.Asian MarketsJapan stocks surged on return to trade, while shares in the Asia-Pacific were mixed on Friday following strong gains in the previous session as investors digested the U.S. inflation report.The Nikkei 225 briefly rose 2% and hovered close to that level, while the Topix index rose 1.83%. Japanese markets were closed Thursday for a holiday. In Australia, the S&P/ASX 200 shed 0.69%. South Korea's Kospi gave up early gains to fall 0.26%. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.21%.