Top 10 things to know before the market opens today

Top 10 things to know before the market opens today

The market is likely to open in the red as trends on the SGX Nifty indicate a negative opening for the broader index with a loss of 51 points.

The BSE Sensex dropped nearly 400 points to 58,576, while the Nifty50 declined 145 points to 17,530 and formed small bearish candle which resembles Hammer kind of pattern formation on the daily charts.

As per the pivot charts, the key support level for the Nifty is placed at 17,450, followed by 17,370. If the index moves up, the key resistance levels to watch out for are 17,603 and 17,676.

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 lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data. All three major US stock indexes ended deep in negative territory, with tech and tech-adjacent stocks pulling the Nasdaq down 2.2 percent.

The Dow Jones Industrial Average fell 413.04 points, or 1.19 percent, to 34,308.08, the S&P 500 lost 75.75 points, or 1.69 percent, to 4,412.53