Top 10 things to know before the market opens today

Top 10 things to know before the market opens today

Stock Market News, Share Market News



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 187 points.

The BSE Sensex jumped nearly 900 points to close above 57,900 levels, while the Nifty50 surged 256 points to 17,393 and formed a bullish candle on daily charts, indicating positive mood in the market.

As per pivot charts, the key support level for the Nifty is placed at 17,267, followed by 17,142. If the index moves up, the key resistance levels to watch out for are 17,466 and 17,540.

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 reversed course and posted losses on Thursday while oil gained as Federal Reserve Chairman Jerome Powell suggested the US central bank would move aggressively to curb inflation.

Powell said that a half-point interest rate increase will be "on the table" when the Fed meets in May, adding it would be appropriate to "be moving a little more quickly."

The Dow Jones Industrial Average ended down