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 43 points gain.
The BSE Sensex was up 529.36 points at 46,973.54 on December 24 while the Nifty50 jumped 148.20 points to 13,749.30. According to pivot charts, the key support levels for the Nifty are placed at 13,660.13, followed by 13,571.07. If the index moves up, the key resistance levels to watch out for are 13,805.03 and 13,860.87.
The S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend with hopes that an imminent stimulus agreement, a Brexit deal, and the ongoing vaccine rollout will spell brighter days in the coming year.
The Dow Jones Industrial Average rose 70.04 points, or 0.23%, to 30,199.87, the S&P 500 gained 13.05 points, or 0.35%, to 3,703.06 and the Nasdaq Composite added 33.62 points, or 0.26%, to 12,804.73.
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