Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the broader index in India with a gain of 102 points.

The BSE Sensex surged 886.51 points to 57,633.65, while the Nifty50 jumped 264.40 points to 17,176.70 and formed bullish candle on the daily charts.

According to pivot charts, the key support levels for the Nifty are placed at 17,025.77, followed by 16,874.83. If the index moves up, the key resistance levels to watch out for are 17,289.66 and 17,402.63.

US Markets

Wall Street's main indices finished Tuesday's session with strong gains as investors shook off some anxiety about the latest coronavirus variant and boosted Nasdaq by piling into technology stocks.

The Dow Jones Industrial Average rose 492.4 points, or 1.4 percent, to 35,719.43, the S&P 500 gained 95.08 points, or 2.07 percent, to 4,686.75 and the Nasdaq Composite added 461.76 points, or 3.03 percent, to 15,686.92.

Asian Markets

Chinese stocks lagged other Asia-Pacific markets on Wednesday, and troubled real estate developers are back in the spotlight. Local social media giant Weibo made its market debut in Hong Kong. Japan's Nikkei 225 bounced 1.1 percent, and the Topix climbed 0.63 percent.

SGX Nifty

Trends on SGX Nifty indicate a positive opening for the broader index in India with a gain of 102 points. The Nifty futures were trading around 17,313 levels on the Singaporean exchange.