Stock Market Today: Top 10 things to know before the market opens today

Stock Market Today: Top 10 things to know before the market opens today

Stock Market Today:



The market is expected to open in the green as trends in SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 121 points.

The BSE Sensex rallied 632 points to 54,885, while the Nifty50 climbed 182 points to 16,353 and formed a bullish candle which resembles Hanging Man kind of pattern on the daily charts.

As per the pivot charts, the key support level for the Nifty is placed at 16,259, followed by 16,166. If the index moves up, the key resistance levels to watch out for are 16,408 and 16,464.

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 Markets

Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resilience sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten the monetary policy without tipping the economy into recession. All three major US indices brought a decisive end to their longest weekly losing streaks in decades.

The Dow Jones Industrial Average rose 575.77 points, or 1.76 percent,