Market Live Updates Today: Trends on SGX Nifty indicate a cautious opening for the index in India with a 8 points gain
Profit booking in IT, FMCG stocks amid subdued trend
The Indian stock market is expected to open flat as trends on SGX Nifty indicate a cautious trade for the index in India with a 8 points gain.
The BSE Sensex slipped 135.05 points to close at 52,443.71, while the Nifty50 fell 37.10 points to 15,709.40 ahead of the expiry of July futures and options contracts on July 28 and formed a Hammer pattern on the daily charts.
According to pivot charts, the key support levels for the Nifty are placed at 15,559.43, followed by 15,409.47. If the index moves up, the key resistance levels to watch out for are 15,813.43 and 15,917.47.
US Markets
U.S. stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track.
The Dow Jones Industrial Average fell 0.36%, the S&P 500 was flat, while the tech-focused Nasdaq Composite rebounded 0.7% after hitting its lowest in more than two months on Tuesday.
Asian Markets
Shares in Hong Kong continued to see a rebound in Thursday morning trade from a two-day slump earlier in the week. Meanwhile, Asia-Pacific markets rose after the U.S. Federal Reserve left its benchmark interest rate near zero.
In Japan, the Nikkei 225 advanced 0.51% while the Topix index gained 0.26%. Elsewhere, South Korea's Kospi rose fractionally while the S&P/ASX 200 in Australia climbed 0.47%.
SGX Nifty
Trends on SGX Nifty indicate a cautious opening for the index in India with a 8 points gain. The Nifty futures were trading at 15,715 on the Singaporean Exchange around 07:30 hours IST.
