MARKET VIEW
GLOBAL MARKETS
Dow Jones fell 391.76 points, or 1.14 percent, to 33,910.85.
S&P 500 lost 8.12 points, or 0.20 percent, to 3,990.97.
Nasdaq Composite added 15.96 points, or 0.14 percent, to 11,095.11.
Asia-Pacific shares rose on Wednesday as investors await the outcome of the Bank of Japan’s monetary policy meeting.
Japan’s Nikkei 225 climbed 2.13 percent and the Topix edged up 0.37 percent. Hangsang climbed 0.2%, where as Kospi declined by 0.56percent.
Oil prices settled higher on Tuesday in choppy trading. Brent crude futures settled up $1.46, or 1.7 percent, to $85.92
INDIAN MARKETS
Sensex rallied 563 points to 60,656, while the Nifty50 climbed 158 points to 18,053 and formed long bullish candle, which somewhat resembles bullish engulfing kind of pattern on the daily charts, with making higher high higher low for third straight session.
Foreign institutional investors (FII) turned net buyers for the first time in last 18 straight sessions, to the tune of Rs 211.06 crore worth shares, while domestic institutional investors (DII) have net purchased shares worth Rs 90.81 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 55 points.
According to the pivot charts, we have the key support level for the Nifty at 17,933, followed by 17,890, and 17,819. If the index moves up, the key resistance levels to watch out for are 18,075, followed by 18,119 and 18,189.