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 News



The market is expected to open in the red as trends in SGX Nifty indicate a negative opening for the broader index in India with a loss of 84 points.

The BSE Sensex shed more than 660 points from day's high and closed 49 points lower to 55,769, while the Nifty50 declined 44 points to 16,584 and formed bearish candle on the daily charts at the closing on Friday, indicating nervousness among market participants.

As per the pivot charts, the key support level for the Nifty is placed at 16,503, followed by 16,423. If the index moves up, the key resistance levels to watch out for are 16,729 and 16,875.

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's three major stock indexes ended lower on Friday after a solid jobs report ate in to hopes for a pause in the Federal Reserve's aggressive policy-tightening which is needed to cool decades-high inflation.

The technology-heavy Nasdaq led the declines, falling 2.5% as shares of market heavyweights Apple Inc and Tesla Inc were