Market Live Updates Today: The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a flat opening for the index in India with an 11 point gain.
image for illustrative purpose
Sensex ended 133 points, or 0.28 percent, higher at 47,746.22 on December 30 while Nifty settled with a gain of 49 points, or 0.35 percent, at 13,981.95. According to pivot charts, the key support levels for the Nifty are placed at 13,899, followed by 13,816. If the index moves up, the key resistance levels to watch out for are 14,031 and 14,080.
Asian shares are set to end a tumultuous 2020 by hovering near record highs on Thursday while riskier currencies cruised near 2-1/2-year peaks, buoyed by hopes that COVID-19 vaccine rollouts will help the world beat the pandemic.
Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralyzed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out more stimulus.
On Thursday, the last trading day of 2020, Brent was trading down 18 cents, or 0.4%, at $51.45 a barrel, as of 0136 GMT and U.S. West Texas Intermediate (WTI) lost 0.1%, or 5 cents, to $48.35 a barrel.
