The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the index in India with a 102 points loss. The BSE Sensex climbed 209.36 points to close at 52,653.07, while the Nifty50 rose 69.10 points to 15,778.50 and formed small bullish candle on the daily charts as the closing was higher than opening levels.According to pivot charts, the key support levels for the Nifty are placed at 15,738.43, followed by 15,698.37. If the index moves up, the key resistance levels to watch out for are 15,817.93 and 15,857.37.US MarketsU.S. shares bounded to record highs on Thursday helped by strong company earnings and solid economic growth data, though the Federal Reserve's message earlier this week that it is in no hurry to taper stimulus pinned the dollar at a one-month low.The volley of positive news boosted the Dow Jones Industrial Average to a record high of 35,171.52 points before closing up 0.4%. The S&P 500 also jumped to an all-time high of 4,429.97 points before finishing 0.4% higher, while the Nasdaq Composite added 0.3%.Asian MarketsMarkets in Asia-Pacific were mostly lower in early trading on Friday. Meanwhile, U.S. stocks rallied despite data showing second-quarter gross domestic product grew less than expected.Japan's Nikkei 225 dipped 1.2% in early trade, while the Topix lost 0.81%SGX NiftyTrends on SGX Nifty indicate a gap-down opening for the index in India with a 102 points loss. The Nifty futures were trading at 15,737 on the Singaporean Exchange around 07:30 hours IST.
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the index in India with a 102 points loss. The BSE Sensex climbed 209.36 points to close at 52,653.07, while the Nifty50 rose 69.10 points to 15,778.50 and formed small bullish candle on the daily charts as the closing was higher than opening levels.According to pivot charts, the key support levels for the Nifty are placed at 15,738.43, followed by 15,698.37. If the index moves up, the key resistance levels to watch out for are 15,817.93 and 15,857.37.US MarketsU.S. shares bounded to record highs on Thursday helped by strong company earnings and solid economic growth data, though the Federal Reserve's message earlier this week that it is in no hurry to taper stimulus pinned the dollar at a one-month low.The volley of positive news boosted the Dow Jones Industrial Average to a record high of 35,171.52 points before closing up 0.4%. The S&P 500 also jumped to an all-time high of 4,429.97 points before finishing 0.4% higher, while the Nasdaq Composite added 0.3%.Asian MarketsMarkets in Asia-Pacific were mostly lower in early trading on Friday. Meanwhile, U.S. stocks rallied despite data showing second-quarter gross domestic product grew less than expected.Japan's Nikkei 225 dipped 1.2% in early trade, while the Topix lost 0.81%SGX NiftyTrends on SGX Nifty indicate a gap-down opening for the index in India with a 102 points loss. The Nifty futures were trading at 15,737 on the Singaporean Exchange around 07:30 hours IST.