MARKET VIEW
GLOBAL MARKETS
Dow Jones rose 133.4 points, or 0.4 percent, to 33,269.77.
S&P 500 gained 28.83 points, or 0.75 percent, to 3,852.97.
Nasdaq Composite added 71.78 points, or 0.69 percent, to 10,458.76.
Australia’s S&P/ASX 200 down by 0.21 percent. In Japan, Nikkei 225 is down by 0.33 percent , while Topix down by 0.05percent. Kospi rose 0.20 percent.
Oil fell by more than $4 a barrel on Wednesday, now trading at 78.67 $ per barrel.
INDIAN MARKETS
Sensex declined 637 points, or 1 percent, to 60,657, while the Nifty50 declined nearly 190 points, or 1 percent, to 18,043 and formed a long bearish candle on the daily charts. Banknifty declined 466 point closed at 42959.
All the sectors closed negative but the major underperformance came from Metal, Realty, PSUBanks.
Foreign institutional investors (FII) sold shares worth Rs 2,620.89 crore, while domestic institutional investors (DII) bought shares worth Rs 773.58 crore.
TODAY’S VIEW
The market is expected to open in the green as trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 26 points.
As per the pivot charts, we have the key support level for the Nifty at 18,017, followed by 17,965, and 17,880. If the index moves up, the key resistance levels to watch out for are 18,187, followed by 18,240 and 18,325.