Market Live Updates Today: Trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 155 points.
Positive short-term texture
The Indian stock 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 155 points.
As per the pivot charts, the key support level for the Nifty is placed at 16,490, followed by 16,303. If the index moves up, the key resistance levels to watch out for are 16,999 and 17,320.
US Markets
US stocks ended sharply higher on Wednesday after the Federal Reserve delivered a widely expected interest-rate hike, and the S&P 500 recorded its biggest one-day percentage gain in nearly two years. Stocks initially see-sawed after the announcement, then the indexes strengthened. The S&P 500's advance of almost 3 percent was the strongest since May 18, 2020.
The Dow Jones Industrial Average rose 932.27 points, or 2.81 percent, to 34,061.06, the S&P 500 gained 124.69 points, or 2.99 percent, to 4,300.17 and the Nasdaq Composite added 401.10 points, or 3.19 percent, to 12,964.86.
Asian Markets
Asian shares tracked Wall Street gains on Thursday after the U.S. central bank raised interest rates by 50 basis points but sounded a less hawkish tone than some had feared, lifting investor sentiment but sending yields and the dollar lower.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.52 percent, although trading was thin with Japanese and Korean markets closed for public holidays.
