MARKET VIEW
GLOBAL MARKETS
Dow Jones rose 265.67 points, or 0.78 percent, to 34,156.
S&P 500 gained 52.92 points, or 1.29 percent, to 4,164
Nasdaq Composite added 226.34 points, or 1.9 percent, to 12,113.79.
Nikkei 225 fell 0.34 percent, while Topix gained 0.12 percent. Kospi in South Korea rose 0.68 percent.
Oil prices climbed more than 3 percent on Tuesday after the head of the US central bank eased market concerns over interest rate hikes, Brent crude futures were up $2.70, or 3.3 percent, to $83.69 a barrel.
INDIAN MARKETS
Sensex was down 221 points to 60,286, while the Nifty50 fell 43 points to 17,722 at the close on Tuesday and formed bearish candle on the daily charts. Banknifty was strong yesterday and also closed in positive gained 116 points to 41490.
Foreign institutional investors (FII) sold shares worth Rs 2,559.96 crore, while domestic institutional investors (DII) purchased shares worth Rs 639.82 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 57 points.
As per the pivot charts, the key support level for the Nifty is seen at 17,668, followed by 17,630, and 17,570. If the index moves up, the key resistance levels to watch out for are 17,789, followed by 17,826 and 17,887.