Indian benchmark indices are expected to open higher today as the SGX Nifty rose 58 points to 17,145 level amid mixed global cues. Singapore Nifty SGX Nifty is the first indication of the opening of the Indian markets, and is considered to be the first indication of the opening of the Indian markets.
The equity market ended up falling in volatile trade on Tuesday, led by losses in banking, metal and auto shares. Sensex closed 195 points lower at 57,064 and Nifty lost 70 points to end at 16,983. Tata Steel was the top Sensex loser, with losses of 3.87 per cent, followed by Kotak Bank, Bajaj Auto, M&M, Bharti Airtel, Reliance Industries, IndusInd Bank, and Maruti.
Sharekhan said, Going ahead, the low point of the recent Doji formation i.e., Going ahead is the low point of Gaurav Ratnaparkhi, Head of Technical Research. Nifty can go for a base formation in the range of 16,800 -- 17,200. Domestic institutional investors DIIs bought shares worth Rs 5,350 crore as per provisional data available on the NSE, and foreign institutional investors FIIs sold shares worth Rs 5,445 crore on November 30, and domestic institutional investors DIIs bought shares worth Rs 5,350 crore.
Australia's S&P ASX 200 was trading 16 points lower at 7,239. Nikkei rose by 225 points to 28,047 and the Shanghai Composite was trading flat at 3,566. The Hang Seng index increased 336 points to 23,810 points. The S&P 500 ended 88 points lower at 4,567, the Nasdaq lost 245 points to 15,537 and the Dow Jones fell 652 points to 34,483 on Wall Street.