Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 35 points gain
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 35 points gain.
image for illustrative purpose
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 35 points gain.
The benchmark indices ended at a record closing high with the BSE Sensex surging 617.14 points or 1.22 percent to 51,348.77 on February 8 while the Nifty50 jumped 191.50 points or 1.28 percent to 15,115.80.
According to pivot charts, the key support levels for the Nifty are placed at 15,051.23, followed by 14,986.67. If the index moves up, the key resistance levels to watch out for are 15,170.13 and 15,224.47.
Wall Street reached all-time closing highs on Monday as investor optimism was stoked by prospects of a speedier economic recovery from the global health crisis, driven by increased stimulus and an accelerated vaccine rollout.
The Dow Jones Industrial Average rose 237.52 points, or 0.76%, to 31,385.76, the S&P 500 gained 28.76 points, or 0.74%, to 3,915.59 and the Nasdaq Composite added 131.35 points, or 0.95%, to 13,987.64.
Global stocks were poised to rise again on Tuesday in Asian trading after another record-setting day on Wall Street. Japan's Nikkei 225 futures rose 0.15%, e-mini futures for the S&P 500 rose 0.04% and Australian S&P/ASX 200 futures rose 0.12% in early trading.
Live Updates
- 9 Feb 2021 9:06 AM IST
Oil climbs to 13-month highs
Oil prices edged up on Tuesday to their highest in 13 months as supply cuts by major producers and optimism over fuel demand recovery support energy markets.
Brent crude futures for April gained 29 cents, or 0.5%, to $60.85 a barrel by 0246 GMT. U.S. West Texas Intermediate crude (WTI) for March was at $58.25 a barrel, up 28 cents, or 0.5%.
