Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with a 82 points gain

Yesterday, the BSE Sensex fell 329 points or 0.57% to 57,788.03 while the Nifty50 declined 103.50 points to 17,221.40 and formed a bearish Engulfing pattern on the daily charts.

According to pivot charts, the key support levels for the Nifty are at 17,158.66 followed by 17,095.93. If the index moves up, the key resistance levels to watch out for are 17,317.66 and 17,413.93.

US Markets

Wall Street ended sharply higher on Wednesday after the US Federal Reserve said it would end its pandemic-era bond purchases in March as it exits from policies enacted at the start of the health crisis.

For the session, the Dow Jones Industrial Average rose 1.08% to end at 35,927.43 while the S&P 500 gained 1.63% to 4,709.85. The Nasdaq Composite climbed 2.15% to 15,565.58.

Asian Markets

Asian markets were mostly trading higher with Nikkei up 1%, Taiwan Weighted gaining 0.5% and Hang Seng index down 0.5%.