The market is expected to open in the green as trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 188 points. The BSE Sensex fell 36 points to 58,817, while the Nifty50 gained 10 points at 17,535 and formed a Hanging Man-kind of pattern on the daily charts.As per the pivot charts, the key support level for the Nifty is placed at 17,463, followed by 17,391. If the index moves up, the key resistance levels to watch out for are 17,586 and 17,638.The Dow Jones Industrial Average ended the session up 535.1 points, or 1.63%, at 33,309.51 while the S&P 500 rose 87.77 points, or 2.13%, to 4,210.24 and the Nasdaq Composite added 360.88 points, or 2.89%, to finish at 12,854.81.Asian MarketsAsia-Pacific markets climbed on Thursday after a better-than-expected inflation report in the US sent stocks spiraling higher. Australia's S&P/ASX 200 rose 0.65%. The Kospi in South Korea was 1.17% higher and the Kosdaq jumped 1.6%. MSCI's broadest index of Asia-Pacific shares outside of Japan increased 0.42%.
The market is expected to open in the green as trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 188 points. The BSE Sensex fell 36 points to 58,817, while the Nifty50 gained 10 points at 17,535 and formed a Hanging Man-kind of pattern on the daily charts.As per the pivot charts, the key support level for the Nifty is placed at 17,463, followed by 17,391. If the index moves up, the key resistance levels to watch out for are 17,586 and 17,638.The Dow Jones Industrial Average ended the session up 535.1 points, or 1.63%, at 33,309.51 while the S&P 500 rose 87.77 points, or 2.13%, to 4,210.24 and the Nasdaq Composite added 360.88 points, or 2.89%, to finish at 12,854.81.Asian MarketsAsia-Pacific markets climbed on Thursday after a better-than-expected inflation report in the US sent stocks spiraling higher. Australia's S&P/ASX 200 rose 0.65%. The Kospi in South Korea was 1.17% higher and the Kosdaq jumped 1.6%. MSCI's broadest index of Asia-Pacific shares outside of Japan increased 0.42%.