The market is expected to open in the green as trends - ARETE Securities
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Market Summary
The market is expected to open in the green as trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 19 points. The BSE Sensex climbed 446 points to 58,075, while the Nifty50 jumped 119 points to 17,108, making a higher-high-higher-low formation on the daily charts.
The Dow Jones Industrial Average rose 316.02 points, or 0.98 percent, to 32,560.6, the S&P 500 gained 51.3 points, or 1.30 percent, to 4,002.87 and the Nasdaq Composite added 184.57 points, or 1.58 percent, to 11,860.11.
Asia-Pacific markets rose on Wednesday as investors looked ahead to the US Federal Reserve's latest update on its rate hike decision, as the central bank attempts to balance its inflation fight and stem a banking crisis.
Trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 19 points. The Nifty futures were trading around 17,163 levels on the Singaporean exchange.
Stocks under F&O ban on NSE: The National Stock Exchange has retained Biocon, and Indiabulls Housing Finance to its F&O ban list for March 22.
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The Markets are expected to open higher today as trend in SGX nifty - ARETE Securities
