The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a cautious opening for the index in India with a 12-points gain. The BSE Sensex rose 476.11 points to 58,723.20, while the Nifty50 climbed 139.50 points to 17,519.50 and formed bullish candle on the daily charts.According to pivot charts, the key support levels for the Nifty are placed at 17,426.63, followed by 17,333.87. If the index moves up, the key resistance levels to watch out for are 17,572.43 and 17,625.46.US MarketsThe S&P 500 and Dow Jones indexes rose on Wednesday on mildly positive factory data and higher oil prices, although concerns over a slowing economic recovery and higher corporate taxes kept sentiment subdued.The Dow Jones Industrial Average rose 92.87 points, or 0.27%, to 34,670.44, the S&P 500 gained 11.10 points, or 0.25%, to 4,454.15 and the Nasdaq Composite lost 9.66 points, or 0.06 %, to 15,028.10.Asian MarketsShares in Asia-Pacific were mixed in Thursday morning trade, with casino shares in Hong Kong mostly seeing another day of losses. The Nikkei 225 in Japan slipped about 0.1% while the Topix index fell 0.15%. South Korea's Kospi edged 0.47% lower.SGX NiftyTrends on SGX Nifty indicate a cautious opening for the index in India with a 12-points gain. The Nifty futures were trading at 17,546 on the Singaporean Exchange around 07:30 hours IST.
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a cautious opening for the index in India with a 12-points gain. The BSE Sensex rose 476.11 points to 58,723.20, while the Nifty50 climbed 139.50 points to 17,519.50 and formed bullish candle on the daily charts.According to pivot charts, the key support levels for the Nifty are placed at 17,426.63, followed by 17,333.87. If the index moves up, the key resistance levels to watch out for are 17,572.43 and 17,625.46.US MarketsThe S&P 500 and Dow Jones indexes rose on Wednesday on mildly positive factory data and higher oil prices, although concerns over a slowing economic recovery and higher corporate taxes kept sentiment subdued.The Dow Jones Industrial Average rose 92.87 points, or 0.27%, to 34,670.44, the S&P 500 gained 11.10 points, or 0.25%, to 4,454.15 and the Nasdaq Composite lost 9.66 points, or 0.06 %, to 15,028.10.Asian MarketsShares in Asia-Pacific were mixed in Thursday morning trade, with casino shares in Hong Kong mostly seeing another day of losses. The Nikkei 225 in Japan slipped about 0.1% while the Topix index fell 0.15%. South Korea's Kospi edged 0.47% lower.SGX NiftyTrends on SGX Nifty indicate a cautious opening for the index in India with a 12-points gain. The Nifty futures were trading at 17,546 on the Singaporean Exchange around 07:30 hours IST.