Sensex today: Stock Market LIVE Updates: All sectoral indices open in

While the index has opened with a gap, traders should not be hasty to jump on the long side. The markets have stiff resistance levels on the upside. On the contrary short positions can be strategically timed with strict stops. Since the market has opened with a gap, the risk-reward ratio would be favorable. If the Nifty does not hold 16,900, we could drop to 16,500.

– Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

Go Fashion sees profit booking after stellar listing

Price as on 01 Dec, 2021 09:55 AM, Click on company names for their live prices.

Opening Bell: Sensex jumps 600 points, Nifty at 17,170; NTPC, Titan rise 3% each

Pre-open session: Sensex gains 245 pts, Nifty at 17,080

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 48 points, or 0.28 per cent, higher at 17,111.50, signaling that Dalal Street was headed for a positive start on Wednesday.

Tech View: Nifty may find support at 16,800

Nifty50 on Tuesday slipped below the psychological mark of 17,000 level and formed a bearish Inverted Hammer-like candle on the daily chart. Analysts said that candle indicates that follow up activity is missing and every bounce is being sold into. They believe the index may find some support near 16,800 while they see some resistance for the index at 17,200 levels.

Oil rises 1% ahead of OPEC meeting under Omicron cloud

Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant. US WTI crude futures rose 78 cents, or 1.2%, to $66.96 a barrel at 0122 GMT, after a 3.9% drop on Tuesday. Brent crude futures gained $1.01, or 1.5%, to $70.24 a barrel, after a 5.4% slump on Tuesday.

Japan stocks wobble on worries over virus, inflation

Tokyo stocks wobbled between positive and negative territory in directionless trade Wednesday as investors remained cautious about a new virus strain and US monetary policy moves over inflation. After opening higher, stocks dipped before recovering slightly by an hour into trade, with the benchmark Nikkei 225 index up 0.23 percent, or 64.77 points, to 27,886.53.

Hong Kong stocks open with gains

Hong Kong shares opened slightly higher on Wednesday morning after three days of losses as investors assess hawkish signals on monetary policy from Federal Reserve boss Jerome Powell and warnings about the ability of current vaccines to fight Omicron. The Hang Seng Index edged up 0.51 percent, or 120.31 points, to 23,595.57. The Shanghai Composite Index dipped 0.06 percent, or 2.00 points, to 3,561.89.

Wall St ends lower on taper acceleration worries

Wall Street’s main indexes closed lower on Tuesday after Federal Reserve Chair Jerome Powell signaled that the U.S. central bank would consider speeding up its…