NEW DELHI: The 50-share Nifty index is expected to open higher in trade on Wednesday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to hit its crucial level of 6600 in trade today.
7:30 a.m., Nifty India stock futures in Singapore were trading 27.50 point higher at 6638.50, indicating a higher opening on the domestic market.
After hitting yet another lifetime high of 6595.55 on Tuesday, the index concluded the day with a gain of 6 points at 6589. The 30-share Sensex, which climbed to all-time high of 22,079.96 ended 0.27 points lower at 22,055.21.
The Dow Jones industrial average rose 91.19 points, or 0.56 percent, to close at 16,367.88. The Standard & Poor's 500 Index gained 8.18 points, or 0.44 percent, to finish at 1,865.62. The Nasdaq Composite Index advanced 7.88 points, or 0.19 percent, to end at 4,234.27.
Japan's Nikkei 225 index was trading 0.23 per cent higher at 14,456.50 and Hong Kong's Hang Seng index was trading 1.1 per cent higher at 21,973.12.
South Korea's Kospi index was trading 0.98 per cent higher at 1,960. China's Shanghai index was trading 0.03 per cent lower at 2,066.
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