Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 17-points gain

The Indian stock market is expected to open on a cautious note. Trends on SGX Nifty indicate a positive opening for the index in India with a 17-point gain.

The BSE Sensex rose 69.33 points to 58,247.09, while the Nifty50 hit a fresh record high of 17,438.55 before closing at 17,380, up 24.70 and formed bearish candle on the daily charts as the closing was lower than opening levels.

US Markets

The Dow Jones Industrial Average fell 292.06 points, or 0.84 percent, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57 percent, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45 percent, to 15,037.76.

Asian Markets

Shares in Asia-Pacific were lower in Wednesday morning trade following losses overnight on Wall Street, with investors awaiting the release of Chinese economic data.

The Nikkei 225 in Japan declined 0.81 percent while the Topix index slipped 1.17 percent. South Korea's Kospi sat below the flatline.

SGX Nifty

Trends on SGX Nifty indicate a cautious opening for the index in India with a 17-points gain. The Nifty futures were trading at 17,408 on the Singaporean Exchange around 07:30 hours IST.