Market Live Updates Today: Trends on SGX Nifty indicate a gap-up opening for the domestic indices with a gain of 119 points.
image for illustrative purpose
In the previous session on Thursday, the BSE Sensex climbed 1,047 points or 1.84 percent to 57,864, while the Nifty50 jumped 312 points or 1.84 percent to 17,287, the highest level since February 17, and formed bullish candle on the daily charts. The index saw robust bullish candle formation for yet another week, indicating bulls having strong upper hand at Dalal Street.
As per the pivot charts, the key support level for the Nifty is placed at 17,194, followed by 17,100. If the index moves up, the key resistance levels to watch out for are 17,363 and 17,438.
US Markets
Wall Street's three major indexes closed higher on Friday, with the biggest boost from recently battered technology stocks, after talks between U.S. President Joe Biden and Chinese President Xi Jinping over the Ukraine crisis ended without big surprises.
The Dow Jones Industrial Average rose 274.17 points, or 0.8%, to 34,754.93, the S&P 500 gained 51.45 points, or 1.17%, to 4,463.12 and the Nasdaq Composite added 279.06 points, or 2.05%, to 13,893.84. Wall Street's three main indexes boasted their biggest weekly percentage gains since early November 2020 with the S&P adding 6.2% while the Dow rose 5.5% and the Nasdaq jumping 8.2%.
Asian Markets
Asian share markets started the week in a cautious mood on Monday as investors clung to hopes for an eventual peace deal in Ukraine, but the fighting raged on with no sign of stopping.
Japan's Nikkei was shut, but futures traded around 300 points above the cash close. Most share markets rallied last week in anticipation of an eventual peace deal on Ukraine, but it could take actual progress to justify further gains.
