Market Live Updates Today: Trends on SGX Nifty indicate a negative opening for the index in India with a 95 points loss
4 penny stocks which saw healthy returns in past month
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 95 points loss.
The BSE Sensex rose 138.59 points to 52,975.80, while the Nifty50 gained 32 points to close at 15,856 and formed Doji Cross kind of pattern on the daily charts as the closing was near its opening levels. During the week, the index fell 0.4 percent but formed bullish candle on the weekly scale as the closing was higher than opening levels.
According to pivot charts, the key support levels for the Nifty are placed at 15,783, followed by 15,710. If the index moves up, the key resistance levels to watch out for are 15,914.4 and 15,972.8.
Asian Markets
Asian shares struggled to rally on Monday as super-strong US corporate earnings sucked funds out of emerging markets and into Wall Street, where records were falling almost daily.
Japan's Nikkei bounced 1.6% in early trade, but that was off a seven-month low. South Korea has fared somewhat better thanks to demand for tech stocks but was little changed on Monday.
SGX Nifty
Trends on SGX Nifty indicate a negative opening for the index in India with a 95 points loss. The Nifty futures were trading at 15,759 on the Singaporean Exchange around 07:30 hours IST.
