Top 10 things to know before the market opens

Top 10 things to know before the market opens

The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 243 points.

The benchmark indices fell 5.5 percent in previous five consecutive sessions before seeing a bounce back on January 25. The BSE Sensex rose 366.64 points to 57,858.15, while the Nifty50 jumped 128.90 points to 17,278 on Tuesday and formed bullish candle on the daily charts.

According to pivot charts, the key support levels for the Nifty are placed at 16,973.4, followed by 16,668.9. If the index moves up, the key resistance levels to watch out for are 17,445.8 and 17,613.7.

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 Fed likely to hike rates in March as Powell vows sustained inflation fight

The Federal Reserve on Wednesday said it is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month in what U.S. central bank chief Jerome Powell pledged will be a sustained battle to tame inflation.

"The committee is of