Top 10 things to know before the market opens today

Top 10 things to know before the market opens today

Stock Market Today:



The market is expected to open in the red as trends in the SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 328 points.

The BSE Sensex surged nearly 800 points to 57,357, while the Nifty50 jumped nearly 250 points to 17,201 and formed a bullish candle on the daily charts.

As per the pivot charts, the key support level for the Nifty is placed at 17,102, followed by 17,004. If the index moves up, the key resistance levels to watch out for are 17,262 and 17,322.

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

More sharp declines in Big Tech stocks sent the Nasdaq composite down 4 percent Tuesday, the worst drop for the tech-heavy index since September 2020. The S&P 500 fell 2 percent. The Dow Jones Industrial Average fell 627 points, or 1.8 percent, to 33,427 and the Nasdaq fell 3 percent.

Asian Markets

Shares in Asia-Pacific fell on Wednesday morning after overnight losses saw the tech-heavy Nasdaq Composite sliding to a fresh low for 2022.