The BSE Sensex was up 7.09 points at 49,751.41 on February 23 while the Nifty50 gained 32.10 points to close at 14,707.80. According to pivot charts, the key support levels for the Nifty are placed at 14,621.57, followed by 14,535.33. If the index moves up, the key resistance levels to watch out for are 14,824.27 and 14,940.73. Wall Street reversed course late Tuesday, with the S&P 500 and the Dow whipsawing to positive territory by the closing bell in a tug-of-war between stocks that thrived amid lockdowns and those that stand to benefit most from a reopening economy.The Dow Jones Industrial Average rose 15.66 points, or 0.05%, to 31,537.35, the S&P 500 gained 4.87 points, or 0.13%, to 3,881.37 and the Nasdaq Composite dropped 67.85 points, or 0.5%, to 13,465.20.Asian equities opened lower on Wednesday on concerns about rising interest rates and rich equity valuations and following a downdraft in U.S. and European overnight trading.In early Asia trade, South Korea's KOSPI shed 0.4% while Japan's Nikkei 225 was down 0.9%. Hong Kong's Hang Seng index futures were down 0.37%.
The BSE Sensex was up 7.09 points at 49,751.41 on February 23 while the Nifty50 gained 32.10 points to close at 14,707.80. According to pivot charts, the key support levels for the Nifty are placed at 14,621.57, followed by 14,535.33. If the index moves up, the key resistance levels to watch out for are 14,824.27 and 14,940.73. Wall Street reversed course late Tuesday, with the S&P 500 and the Dow whipsawing to positive territory by the closing bell in a tug-of-war between stocks that thrived amid lockdowns and those that stand to benefit most from a reopening economy.The Dow Jones Industrial Average rose 15.66 points, or 0.05%, to 31,537.35, the S&P 500 gained 4.87 points, or 0.13%, to 3,881.37 and the Nasdaq Composite dropped 67.85 points, or 0.5%, to 13,465.20.Asian equities opened lower on Wednesday on concerns about rising interest rates and rich equity valuations and following a downdraft in U.S. and European overnight trading.In early Asia trade, South Korea's KOSPI shed 0.4% while Japan's Nikkei 225 was down 0.9%. Hong Kong's Hang Seng index futures were down 0.37%.