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Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain.

The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain.

Market Live Updates Today
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Market Live Updates Today

The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 52 points gain.

The S&P BSE Sensex climbed 358.54 points to 50,614.29 on February 4 while the Nifty50 rose 105.70 points to 14,895.70. According to pivot charts, the key support levels for the Nifty are placed at 14,769.1, followed by 14,642.5. If the index moves up, the key resistance levels to watch out for are 14,968 and 15,040.3.

US stocks rose more than 1% on Thursday and the S&P 500 and Nasdaq posted record closing highs after another batch of upbeat earnings and data suggesting the labor market may be stabilizing.

Asian futures were little changed in early trading after progress in vaccine distribution and a large U.S. stimulus program sent two major Wall Street indexes to record closing highs.

E-mini futures for the S&P 500 and Hong Kong's Hang Seng index futures were essentially flat while Japan's Nikkei 225 futures inched 0.1% higher. The Australian S&P/ASX 200 index rose 0.9% in early trade.

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