Top 10 things to know before the market opens today

Top 10 things to know before the market opens today

Share Market News, Stock Market News



The market is expected to open in the green as trends on the SGX Nifty indicate a gap-up opening for the broader index with a gain of 286 points.

The BSE Sensex plunged 2,702 points or 4.7 percent to 54,530, while the Nifty50 closed way below its 200-day exponential moving average (16,881), falling 815 points or 4.78 percent to 16,248, the lowest closing level since September 2, 2021, and formed a large bearish candle on the daily charts. It was also the expiry day for monthly futures and options contracts.

As per the pivot charts, the key support levels for the Nifty are placed at 16,066, followed by 15,883. If the index moves up, the key resistance levels to watch out for are 16,568 and 16,887.

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

US stocks ended sharply higher on Thursday, led by a 3 percent gain in the Nasdaq, in a dramatic market reversal as US President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine.