The Indian stock market is expected to open marginally higher as trends on SGX Nifty indicate a flat to positive start for the index in India with a 28 points gain.
The BSE Sensex fell 202.22 points to 47,878.45 on April 23 while the Nifty50 corrected 64.80 points to 14,341.40.
According to pivot charts, the key support levels for the Nifty are placed at 14,256, followed by 14,170.7. If the index moves up, the key resistance levels to watch out for are 14,443.9 and 14,546.5.
Stay tuned to Moneycontrol to find out what happens in the currency and equity markets today. We have collated a list of important headlines across news platforms which could impact Indian as well as international markets:
US stocks rallied on Friday, driving the S&P 500 to a near-record closing high, after factory data and new home sales underscored a booming economy while megacap stocks rose in anticipation of strong earnings reports next week.
The Dow Jones Industrial Average rose 0.67% to 34,043.49 and the S&P 500 gained 1.09% at 4,180.17, just below its previous closing high of 4,185.47 on April 16.