MARKET VIEW
GLOBAL MARKETS
Dow Jones rose 368.95 points, or 1.09 percent, to 34,086.
S&P 500 gained 58.83 points, or 1.46 percent, to 4,076.
Nasdaq Composite added 190.74 points, or 1.67 percent, to 11,584.
Asia-Pacific shares traded higher as investors looked ahead to the Federal Reserve’s Wednesday meeting, as well as some economic data in the region. Australia’s S&P/ASX 200 was down 0.25 percent. Japan’s Nikkei 225 loose 0.41% and the Topix climbed 0.17 percent.
South Korea’s Kospi advanced 0.9 percent and the Kosdaq rose 0.78 percent.
INDIAN MARKETS
Sensex gained 50 points to 59,550, while the Nifty50 gained 13 points at 17,662 on Tuesday and formed a bearish candle with a long lower shadow. Banknifty gained 267 points to 40655.
Foreign institutional investors (FII) have net-sold shares worth Rs 5,439.64 crore, whereas domestic institutional investors (DII) have net-bought shares worth Rs 4,506.31 crore.
TODAY’S VIEW
The market is expected to kick off the day in the green as trends in the SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 87 points.
As per the pivot charts, the key support level for the Nifty is seen at 17,569, followed by 17,523, and 17,447. If the index moves up, the key resistance levels to watch out for will be 17,721, followed by 17,768 and 17,843.