Top 10 things to know before the market opens today

Top 10 things to know before the market opens today

Stock Market News



The market is expected to open in the green as trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 64 points.

The BSE Sensex fell more than 300 points to 53,749, and the Nifty50 declined nearly 100 points to 16,026 and formed a bearish candle for the third straight session, while the broader markets were hit quite hard by bears. The Nifty Midcap 100 and Smallcap 100 indices have corrected 2.5 percent and 3.5 percent respectively.

As per the pivot charts, the key support level for the Nifty is placed at 15,947, followed by 15,869. If the index moves up, the key resistance levels to watch out for are 16,164 and 16,302.

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 higher Wednesday, boosted after minutes from the Federal Reserve's latest monetary policy meeting showed policymakers unanimously felt the US economy was very strong as they grappled with reining in inflation without triggering a recession.

The Dow Jones Industrial Average rose 191.66 points, or 0.6 percent, to