Top 10 things to know before the market opens today

Top 10 things to know before the market opens today

The Indian stock market is expected to open higher as trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 170 points.

The BSE Sensex fell 276 points to 54,088, while the Nifty50 declined 73 points to 16,167 and formed bearish candle which resembles Hammer kind of pattern on the daily charts.

As per the pivot charts, the key support level for the Nifty is placed at 15,682, followed by 15,556. If the index moves up, the key resistance levels to watch out for are 15,988 and 16,168.

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

U.S. stocks ended a whipsaw session slightly lower on Thursday, as investors juggled signs of peaking inflation with fears that it could remain elevated, prompting ever more aggressive tightening from the Federal Reserve.

All three major U.S. stock indexes seesawed and the S&P 500 came within striking distance of confirming it entered a bear market after swooning from its all-time high reached on Jan. 3.

When the dust settled, the S&P